Use the following information to perform the calculations below (using the indirect method). Clearly label the amount of each answer as positive or negative and show all your calculations Net income $401,000
Beginning accounts payable $119,000
Depreciation expense 97.000
Ending accounts payable 145,000
Beginning accounts receivable 420.000
Purchase of long-term assets 612,000
Ending accounts receivable 439,000
Issuance of long-term debt 220,000
Beginning inventory 516,000
Issuance of stock for cash 180,000
Ending Inventory 550.000
Issuance of stock for long-term assets 110,000
Beginning prepaid insurance 42,000
Purchase of treasury stock 64,000
Ending prepaid insurance 45,000
Sale of long-term investment at cost 56,000
Calculate the amount of cash flows from operating activities
Calculate the amount of cash flows from investing activities.