Demers Inc. reported the following data: Net income $490,000
Depreciation expense 52,000
Gain on disposal of equipment 26,500
Decrease in accounts receivable 32,400
Decrease in accounts payable 12,350
Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method.

Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.