Answer:
$142,209
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $122,700
Adjustment made:
Add : Depreciation expense $7,730
Add: Patent amortization expense $4,908
Less: Gain on disposal of plant assets -$4,417
Add: Decrease in accounts receivable $7,362 ($25,767 - $33,129)
Add: Increase in accounts payable $3,926 ($11,288 - $7,362)
Total of Adjustments $19,509
Net Cash flow from Operating activities $142,209
