Reference no: EM132906063

Problem - STU Corp. has the following amounts for 2016:

Net income of $5,000,000

Depreciation expense of $350,000

Amortization of intangibles of $480,000

Amortization of a bond discount, $240,000

Amortization of a bond premium, $100,000

Pension expense in excess of contributions, $50,000

Increase in deferred tax assets, $320,000

Decrease in deferred tax liabilities, $160,000

Proportionate share of net income from an equity investment, $150,000

Proportionate share of dividends from an equity investment, $10,000

Required - Prepare the cash flows from operations for STU Corp. for the year ended December 31, 2016 using the indirect method?