changes in various accounts and gains and losses on the 283041

Changes in various accounts and gains and losses on the sale of assets during the year for Weston Company are given below:

Item Amount

Accounts Receivable . . . . . . . . . . . . . . . . $70,000 decrease

Accrued Interest Receivable . . . . . . . . . . $6,000 increase

Inventory . . . . . . . . . . . . . . . . . . . . . . . . $110,000 increase

Prepaid Expenses . . . . . . . . . . . . . . . . . . $3,000 decrease

Accounts Payable . . . . . . . . . . . . . . . . . . $40,000 decrease

Accrued Liabilities . . . . . . . . . . . . . . . . . . $9,000 increase

Deferred Income Taxes Liability . . . . . . $15,000 increase

Sale of equipment . . . . . . . . . . . . . . . . . . $8,000 gain

Sale of long term investments . . . . . . . . .$12,000 loss

Required:

For each item, place an X in the Add or Deduct column to indicate whether the dollar amount should be added to or deducted from net income under the indirect method when computing the net cash provided by operating activities for the year. Use the following column headings in preparing your answers:

Item Amount Add Deduct