Answer:
$239,900
Explanation:
Preparation of the cash flows from operating actvities section of the statment of cash flows using the indirect method
Net cash flow from operating actvities:
Net income $225,000
Adjustment:
Add Depreciation expense $25,000
Less Gain on disposal of equipment ($20,500)
Add Decrease in accounts receivable $14,000
Less Decrease in account payable ($3,600)
Net cash flow from operating actvities $239,900
Therefore the cash flows from operating actvities section of the statment of cash flows using the indirect method is $239,900
