Answer:
$431,280
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $405,000
Adjustment made:
Add : Depreciation expense $45,000
Less: Gain on disposal of equipment -$36,900
Add: Decrease in accounts receivable $25,200
Less: Decrease in accounts payable -$6,480
Total of Adjustments $26,820
Net Cash flow from Operating activities $431,280
