Operating activities using the indirect method

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Reference no: EM131812818

Problem: Northington, Inc. is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from operating activities using the indirect method:

Net income	$182,000
Gain on the sale of equipment	12,300
Proceeds from the sale of equipment	92,300
Depreciation expense-equipment	50,000
Payment of bonds at maturity	100,000
Purchase of land	200,000
Issuance of common stock	300,000
Increase in merchandise inventory	35,400
Decrease in accounts receivable	28,800
Increase in accounts payable	23,700
Payment of cash dividends	32,000

$261,400.
$186,800.
$236,800.
$332,200.
$189,400.

Reference no: EM131812818

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