Cash flow from operations activities-indirect method
An analysis of the 2010 financial statements of Portside Provisions reveals the following:
(a) Accounts payable to suppliers of merchandise decreased by $65,000 during 2010.
(b) Dividends of $135,000 were declared in November 2010, to be paid in January 2011.
(c) Dividends of $120,000, declared in November 2009, were paid in January 2010.
(d) Inventory levels increased by $91,000 during 2010.
(e) Depreciation expense for 2010 amounted to $53,000.
(f) Land, which had a cost of $350,000, was sold in 2010 for $400,000 cash, resulting in a gain of $50,000.
(g) Net income for 2010 was $745,000.
Using only the above information, follow the indirect method to compute Portside Provisions' net cash flows from operating activities for 2010.

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The Answer of Cash flow from operations activities-indirect method
An analysis of the 2010 financial statements of Portside Provisions reveals the following:
(a) Accounts payable to suppliers of merchandise decreased by $65,000 during 2010.
(b) Dividends of $135,000 were declared in November 2010, to be paid in January 2011.
(c) Dividends of $120,000, declared in November 2009, were paid in January 2010.
(d) Inventory levels increased by $91,000 during 2010.
(e) Depreciation expense for 2010 amounted to $53,000.
(f) Land, which had a cost of $350,000, was sold in 2010 for $400,000 cash, resulting in a gain of $50,000.
(g) Net income for 2010 was $745,000.
Using only the above information, follow the indirect method to compute Portside Provisions' net cash flows from operating activities for 2010.

Cash Flow from Operations Activities-Indirect Method