Cash flow from operations activities-indirect method
An analysis of the 2015 financial statements of Portside Provisions reveals the following:
(a)Accounts payable to suppliers of merchandise decreased by $65,000 during 2015.
(b)Dividends of $135,000 were declared in November 2015,to be paid in January 2016.
(c)Dividends of $120,000,declared in November 2014,were paid in January 2015.
(d)Inventory levels increased by $91,000 during 2015.
(e)Depreciation expense for 2015 amounted to $53,000.
(f)Land,which had a cost of $350,000,was sold in 2015 for $400,000 cash,resulting in a gain of $50,000.
(g)Net income for 2015 was $745,000.
Using only the above information,follow the indirect method to compute Portside Provisions' net cash flows from operating activities for 2015.

Question

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The Answer of Cash flow from operations activities-indirect method
An analysis of the 2015 financial statements of Portside Provisions reveals the following:
(a)Accounts payable to suppliers of merchandise decreased by $65,000 during 2015.
(b)Dividends of $135,000 were declared in November 2015,to be paid in January 2016.
(c)Dividends of $120,000,declared in November 2014,were paid in January 2015.
(d)Inventory levels increased by $91,000 during 2015.
(e)Depreciation expense for 2015 amounted to $53,000.
(f)Land,which had a cost of $350,000,was sold in 2015 for $400,000 cash,resulting in a gain of $50,000.
(g)Net income for 2015 was $745,000.
Using only the above information,follow the indirect method to compute Portside Provisions' net cash flows from operating activities for 2015.

Cash Flow from Operations Activities-Indirect Method