Roney Company’s calendar-year 2011 income statement shows the following: Net Income, $408,000; Depreciation Expense, $50,592; Amortization Expense, $10,200; Gain on Sale of Plant Assets, $4,500. An examination of the company’s current assets and current liabilities reveals the following changes (all from operating activities): Accounts Receivable decrease, $15,500; Merchandise Inventory decrease, $44,950; Prepaid Expenses increase, $2,100; Accounts Payable decrease, $5,250; Other Payables increase, $798. Use the indirect method to compute cash flow from operating activities. (Amounts to be deducted should be indicated with a minus sign.)

Roney Company’s calendar-year 2011 income statement shows the following: Net Income, $408,000; Depreciation Expense, $50,592; Amortization Expense, $10,200; Gain on Sale of Plant Assets, $4,500. An examination of the company’s current assets and current liabilities reveals the following changes (all from operating activities): Accounts Receivable decrease, $15,500; Merchandise Inventory decrease, $44,950; Prepaid Expenses increase, $2,100; Accounts Payable decrease, $5,250; Other Payables increase, $798.

Use the indirect method to compute cash flow from operating activities. (Amounts to be deducted should be indicated with a minus sign.)