Business, 22.04.2021 20:40 passions3534ovf6dt

Software Distributors reports net income of $49,000. Included in that number is depreciation expense of $7,000 and a loss on the sale of land of $4,400. A comparison of this year's and last year's balance sheets reveals a decrease in accounts receivable of $19,000, a decrease in inventory of $12,000, and an increase in accounts payable of $39,000. Required:
Prepare the operating activities section of the statement of cash flows using the indirect method.
SOFTWARE DISTRIBUTORS
Statement of Cash Flows (partial)
Cash flows from operating activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities

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Software Distributors reports net income of $49,000. Included in that number is depreciation expense...

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