This is all one problem and I really need help :( Instructions Pettygrove Inc. r

Question

This is all one problem and I really need help :(

Instructions Pettygrove Inc. reported the following data: Net income Depreciation expense Gain on disposal of equipment Decrease in accounts receivable Decrease in accounts payable $418,200 49,350 39,150 22,750 6,120 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.

Explanation / Answer

Pettygrove Inc. Statement of Cash Flows (partial) 1 Cash Flows from Operating Activities: 2 Net income 418200 3 Adjustments to reconcile net income to net cash flow from operating activities: 4 Depreciation 49350 5 Gain on disposal of equipment -39150 10200 6 Changes in current operating assets and liabilities: 7 Decrease in Accounts Receivable 22750 8 Decrease in Accounts payable -6120 16630 9 Net cash flow from operating activities 445030

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