Software Distributors reports net income of 555,000. Included in that number is depreciation expense of 510.000 and aloss on the sale of land of $5,000. A comparison of this year's and last year's balance sheets reveals a decrease in accountsreceivable of $25,000. a decrease in inventory of 515.000, and an increase in accounts payable of 545,000. Required.-Prepare the operating activities section of the statement of cash flows using the indirect method. Do you see a pattern inSoftware Distributors' adjustments to net income to arrive at operating cash flows? What might this imply?
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Home » Business » Software Distributors reports net income of 555,000. Included in that number is depreciation expense of 510.000 and aloss on the sale of land of $5,000.