Pier Inc. reported the following data:
|
Net income |
$150,000 |
|
Depreciation expense |
25,000 |
|
Loss on disposal of equipment |
14,300 |
|
Increase in accounts receivable |
9,400 |
|
Increase in accounts payable |
4,300 |
Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method.