The income statement and selected balance sheet information for Hamburger Heaven for the year ended December 31, 2010, are presented below.

TIP: Prepaid Rent decreased in 2010 because the amount taken out of Prepaid Rent (and subtracted from net income as Rent Expense) was more than the amount paid for rent in cash during 2010.
Required:
Prepare the cash flows from operating activities section of the 2010 statement of cash flows using the indirect method.

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Income Statement Selected Balance Sheet Accounts Sales Revenue $2,060 2010 2009 Expenses: Cost of Goods Sold 900 Merchandise Inventory $ 82 $ 60 Accounts Receivable 380 450 Depreciation Expense 200 Salaries Expense 500 Accounts Payable 240 210 Rent Expense 250 Salaries Payable 29 20 Insurance Expense 80. Utilities Payable 20 60 Interest Expense Utilities Expense Net Income 60 Prepaid Rent 2 7 50 Prepaid Insurance 14 5 $ 20