The following items were gathered from Daniels Distributing’s general ledger: Purchase of marketable securities $ 201,500 Depreciation and amortization expense 31,580 Declaration of preferred dividends 8,090 Decrease in Prepaid Assets 3,920 Gain on sale of equipment 5,300 Net income 431,000 Beginning Cash balance 43,820 Proceeds from loan 124,700 Payment for purchase of equipment 81,005 Increase in Accounts Receivable 16,790 Stock-based compensation 179,000 Proceeds from issuing common stock 24,500 Increase in Inventory 14,863 Decrease in Accounts Payable 13,610 Ending Cash balance 505,452 Using the indirect method, construct Daniels Distributing’s statement of cash flows. (If amount decreases cash flow then enter with a negative sign preceding the number or parenthesis, e.g. -15,000 or (15,000).) Daniels Distributing Statement Of Cash Flow $ $ Net cash by activities Net cash by activities Net cash by activities $ LINK TO TEXT Question Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER Copyright © 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved.