How much was the net cash flow from operating activities

Reference no: EM133611104

Question: Magic Mirror Company had net income of $850,750. Depreciation expense is $85,000. During the year, accounts receivable and inventory increased by $62,500 and $72,600, respectively. Prepaid expenses and accounts payable decreased by $39,100 and $46,500, respectively. There was also a gain on the sale of equipment of $18,250. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method?

Reference no: EM133611104

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