91Ó°ÊÓ

Indicate whether each of the following would be added to or deducted from net income in determining net cash flow from operating activities by the indirect method: a. Increase in notes payable due in 90 days to vendors b. Loss on disposal of fixed assets c. Decrease in accounts payable d. Increase in notes receivable due in 90 days from customers e. Decrease in salaries payable f. Decrease in prepaid expenses g. Depreciation of fixed assets h. Decrease in accounts receivable i. Amortization of patent j. Increase in merchandise inventory k. Gain on retirement of long-term debt

An analysis of the general ledger accounts indicates that office equipment, which cost \(30,000 and on which accumulated depreciation totaled \)10,000 on the date of sale, was sold for $25,000 during the year. Using this information, indicate the items to be reported on the statement of cash flows.