Ames Ltd. reported 2019 net income of HK$151,000. During 2019, accounts receivable increased by HK$13,000 and accounts

Question:

Ames Ltd. reported 2019 net income of HK$151,000. During 2019, accounts receivable increased by HK$13,000 and accounts payable increased by HK$9,500. Depreciation expense was HK$44,000. Prepare the cash flows from operating activities section of the statement of cash flows (amounts in thousands).

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