Net income $ 298,000   Depreciation expense   21,000   Increase in inventory   1,900   Increase in accounts receivable   1,380   Decrease in interest payable   1,580   Amortization of bond premium   2,800   Increase in accounts payable   6,800   Cash dividends paid   18,000        Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.)

Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity Foundational 15-11 (Algo) Net cash Ending Balance $ 85,600 69,500 93,300 248,400 249,000 83,000 166,000 $ 414,400 used in $ 54,400 42,300 102,000 119,000 96,700 $ 414,400 During the year, Ravenna paid a $10,200 cash dividend and it sold a piece of equipment for $5,100 that had originally cost $11,400 and had accumulated depreciation of $7,600. The company did not retire any bonds or repurchase any of its own common stock during the year. operating activities Beginning Balance $ 102,500 74,800 85,000 262,300 238,000…

The following information has been provided to you by RKJ Company:        Net income  $ 310,500 Decrease in accounts payable $ 118,200 Increase in inventory $  27,250 Increase in accounts receivable $  27,150 Decrease in bonds payable $ 27,100 Loss on sale of a depreciable asset $ 20,050 Depreciation expense $ 45,250 Decrease in income taxes payable $ 14,100   Using the indirect method, what is the net cash provided by operating activities?   Multiple Choice $189,100. $204,950. $169,050. $232,050.

Accounts receivable from sales transactions were $45,634 at the beginning of the year and $60,027 at the end of the year. Net income reported on the income statement for the year was $126,710. Exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be a. $126,710 b. $112,317 c. $14,393 d. $141,103