Accounts receivable decrease 36,000Gain on sale of equipment 13,000Prepaid rent increase 22,000Cash used to repay long term loans 80,000Accounts payable decrease 18,000Inventory decrease 50,000Dividens (declared and paid 40,000Interest payable decrease 26,000Cash paid to purchase new equipment 125,000Net cash flow from operating activities Positive 100,000What is Harry’s net income using the indirect method
Accounts receivable decrease 36,000Gain on sale of equipment 13,000Prepaid rent increase 22,000Cash
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