Depreciation and Cash Flow
O'hare Company's only asset as of January 1, 2017, was a limousine. During 2017, only the following three transactions occurred:
Services of $111,100 were provided on account.
All accounts receivable were collected.
Depreciation on the limousine was $15,100.
2. Determine the amount of the net cash inflow for O'hare for 2017.
4. If O'hare developed a cash flow statement for 2017 using the indirect method, what amount would appear in the category titled Cash Flow from Operating Activities?