(Solution) - Pettygrove Inc reported the following data Net income 405 -(2025 Original AI-Free Solution)

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Pettygrove Inc. reported the following data:
Net income ...................................... $405,000
Depreciation expense ......................... 45,000
Gain on disposal of equipment .............. 36,900
Decrease in accounts receivable ............. 25,200
Decrease in accounts payable ................ 6,480
Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method.