The income statement disclosed the following items for the current year: Depreciation expense $36,000 Gain on disposal of equipment 21,000 Net income 317,500 Balances of the current assets and current liabilities accounts changed between December 31, last year, and December 31, this year, as follows: Increase in accounts receivable $5,600 Decrease in inventory 3,200 Decrease in prepaid insurance 1,200 Decrease in account payable 3,800 Increase in income taxes payable 1,200 Increase in dividends payable 850 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.   Operating Activities Section   Cash flows from operating activities:       $   Adjustments to reconcile net income to net cash flow from operating activities:                 Changes in current operating assets and liabilities:                                   Net cash flow from operating activities

Income Statement Sections During the current year, Newtech Corporation sold a segment of its business at a loss of $112,500. Until it was sold, the segment had a current period operating loss of $100,000. The company had $375,000 from continuing operations for the current year. Prepare the lower part of the income statement, beginning with the $375,000 income from continuing operations. Follow tax allocation procedures, assuming that all changes in income are subject to a 40% income tax rate. Disregard earnings per share disclosures. (Round all calculations to nearest dollar amount.) Newtech Corporation Partial Income Statement Current Year Income from continuing operations Answer Discontinued operations Loss from operations of discontinued segment (net of tax) Answer Loss on disposal of discontinued segment (net of tax) Answer Answer Net income Answer

Cairns Consulting Corp. company records revealed the following for the current year: Increase in inventory $7,000 Depreciation expense Decrease in accounts payable Decrease in accounts receivable Net loss 24,000 3,000 9,000 25,000 What was the net cash flow from operating activities for the year? O cash flow from (inflow) $8,000 cash flow from (inflow) $0 O cash flow used (outflow) $2,000 O cash flow used (outflow) $4,000

Alberto Co. reported the following for its most recent fiscal year: Net income, - $200,000; Depreciation expense – $50,000; Increase in accounts receivable – $10,000; Decrease in merchandise inventory -$2,000; Increase in prepaid expenses – $1,000; Decrease in accounts payable – $9,000; Increase in wages payable – $3,000; Decrease in bonds payable – $5,000; Loss on sale of machinery – $1,000.   What is the net cash flows from Operating Activities?