Selected information from Juno Ltd.'s statement of financial position and income statement is shown on the following page:

JUNO LTD.
Income Statement
Year Ended December 31, 2018
Net sales............................................$190,000
Cost of goods sold..............................114,000
Gross profit...........................................76,000
Operating expenses...............................50,000
Income from operations........................26,000
Interest expense......................................1,200
Income before income tax....................24,800
Income tax expense................................3,800
Net income........................................$ 21,000
Additional information:
1. The bank loan was issued to finance the purchase of equipment.
2. Operating expenses included depreciation expense of $11,000 and a loss of $5,000 on the disposal of equipment.
Instructions
Prepare the operating activities section of the statement of cash flows, using the indirect method.

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JUNO LTD Statement of Financial Position (partial) December 31 2018 2017 Current assets Accounts receivable Inventory Prepaidd expenses Current liabilities Accounts payable Income tax payable Accrued liabilities Bank loan payable-current portion $7,000 $12,000 5,900 4,500 3,000 2,500 3.750 2,500 1,200800 2,500 1,500 5,000 10,000