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Using the Indirect Method,calculate the Amount of Net Cash Flows

Question 139

Essay

Using the indirect method,calculate the amount of net cash flows from operating activities from the following data.Show your work.
 Net Income $112,000 Beginning Accounts Payable $6,000 Beginning Accounts  Ending Accounts Payable 5,600 Receivable 10,000 Denreciation Expense 20.400 Ending Accounts Receivable 8,800 Amortization of Intangible  Beginning Prepaid Expenses 2,000 Assets 1,600 Ending Prepaid Expenses 2,800 Dividends Declared and Paid 4,400\begin{array}{llll}\text { Net Income } & \$ 112,000 & \text { Beginning Accounts Payable } & \$ 6,000 \\\text { Beginning Accounts } & & \text { Ending Accounts Payable } & 5,600 \\\text { Receivable } & 10,000 & \text { Denreciation Expense } & 20.400\\ \text { Ending Accounts Receivable } & 8,800 & \text { Amortization of Intangible } & \\\text { Beginning Prepaid Expenses } & 2,000 & \text { Assets } & 1,600 \\\text { Ending Prepaid Expenses } & 2,800 & \text { Dividends Declared and Paid } & 4,400\end{array}

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