Gregson Company had the following noncash current asset and current liabilities balances at the end of 2010 and 2011: 2010 2011 Accounts receivable $ 60,000 $ 68,000 Inventory 230,000 210,000 Prepaid insurance 15,000 13,000 Accounts payable 20,000 30,000 Net income for 2011 was $750,000 and depreciation expense was $40,000. All sales and all purchases are on account. Gregson uses the indirect method for preparing the statement of cash flows. Net cash flows from operating activities for 2011 would be: Solution Hi, Please find the detailed answer as follows: Answer is $814000 Thanks. .