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Garton Company had net income of $195,000 in 2020. Depreciation expense for the year is $50,000. During the year, Accounts Receivable increased $8,000 and Prepaid Expenses decreased $1,000. The company also sold equipment at a loss of $3,000. Calculate net cash flows from operating activities using the indirect method. Net cash flows from operating activities $enter a net cash flow in dollars

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abiolataiwo2015

Based on the information given the Net cash flows from operating activities is $241,000.

Net cash flows from operating activities:

Net Income $195,000

Depreciation Expense $50,000

Less Increase in Account receivable ($8,000)

Decrease in Prepaid Expense $1,000

Loss on Sale of Equipment $3,000

Net cash flows from Operating activities $241,000

Inconclusion  the Net cash flows from operating activities is $241,000.

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