Net income for 2011 was 750000 and depreciation expense was

Reference no: EM13572297

Gregson Company had the following noncash current asset and current liabilities balances at the end of 2010 and 2011:

	2010	2011
Accounts receivable	$ 60,000	$ 68,000
Inventory	230,000	210,000
Prepaid insurance	15,000	13,000
Accounts payable	20,000	30,000

Net income for 2011 was $750,000 and depreciation expense was $40,000. All sales and all purchases are on account. Gregson uses the indirect method for preparing the statement of cash flows.

Net cash flows from operating activities for 2011 would be?

Reference no: EM13572297

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