Reporting Net Cash Flow from Operating Activities The income statement for Granville Manufacturing Company is presented below. The following balance sheet changes occurred during the year: - Accounts receivable increased by ( $ 182,400 ). - Inventory increased by ( $ 98,725 ). - Prepaid expenses decreased by ( $ 64,100 ). - Accounts payab

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Reporting Net Cash Flow from Operating Activities The income statement for Granville Manufacturing Company is presented below. The following balance sheet changes occurred during the year: - Accounts receivable increased by  (  $ 182,400  ). - Inventory increased by  (  $ 98,725  ). - Prepaid expenses decreased by  (  $ 64,100  ). - Accounts payable increased by  (  $ 43,550  ).  The following balance sheet changes occurred during the year: - Accounts recelvable increased by  (  $ 182,400  ). - Inventory increased by  (  $ 98,725  ). - Prepaid expenses decreased by  (  $ 64,100  ). - Accounts payable increased by  (  $ 43,550  ). - Salaries payable increased by  (  $ 54,250  ). Required: Prepare the net cash flows from operating activitles using the indirect method. Use a minus sign to indicate any decreases in cash or cash outflows. Granville Manufacturing Company Net Cash Flows from Operating Activities (Indirect Method) For the year ended December 31  - Accounts receivable increased by  (  $ 182,400  ). - Inventory increased by  (  $ 98,725  ). - Prepaid expenses decreased by  (  $ 64,100  ). - Accounts payable increased by  (  $ 43,550  ). - Salaries payable increased by  (  $ 54,250  ). Required: Prepare the net cash flows from operating activities using the indirect method. Use a minus s Granville Manufacturing Company Net Cash Flows from Operating Activities (Indirect Method) For the year ended December 31 Cash flows from operating activities: ash flow from operating

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