Suppose your company sells goods for $450, of which $275 is received in cash and $175 is on account. The goods cost your company $155 and were paid for in a previous period. Your company also recorded...

Suppose your company sells goods for $450, of which $275 is received in cash and $175 is on account. The goods cost your company $155 and were paid for in a previous period. Your company also recorded salaries and wages of $145, of which only $45 has been paid in cash.

How would i answer the following questions??

1. Calculate the amount that should be reported as net cash flow from operating activities.


2. Calculate the amount that should be reported as net income.


3. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement 2).