Indirect calculation of operating cash flows
Video Corporation's balance sheet revealed the following account balance information:
|
Account
|
Dec. 31, 20X6
|
Dec. 31, 20X5
|
|
Accounts receivable
|
$52,000
|
$57,000
|
|
Merchandise inventory
|
75,000
|
68,000
|
|
Accounts payable
|
22,000
|
19,500
|
The accrual-basis net income was $109,000. In computing net income, the company recorded $13,600 of depreciation expense; there were no gains or losses from investing and financing activities.
On the basis of the preceding information, calculate Video's cash flows from operating activities by using the indirect method.
- Net Income?
- Accounts receivable?
- Inventory?
- Accounts Payable?
- Depreciation?
- Cash flow from operating activities?