The following information is available for Bernard Corporation for 2019: Net income $199,000 Decrease in accounts receivable 6,400 Increase in inventory 18,300 Decrease in prepaid rent 2,100 Increase in salaries payable 4,410 Decrease in income taxes payable 4,270 Increase in notes payable (due 2023) 50,000 Depreciation expense 44,700 Loss on disposal of equipment 11,000 Required: Compute the net cash flows from operating activities using the indirect method.

Reporting Net Cash Flow from Operating Activities

The following information is available for Bernard Corporation for 2019:

Net income $199,000
Decrease in accounts receivable 6,400
Increase in inventory 18,300
Decrease in prepaid rent 2,100
Increase in salaries payable 4,410
Decrease in income taxes payable 4,270
Increase in notes payable (due 2023) 50,000
Depreciation expense 44,700
Loss on disposal of equipment 11,000

Required:

Compute the net cash flows from operating activities using the indirect method.

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