Use the following excerpts from Kayak Company’s financial information to prepare the operating section of the statement of cash flows (indirect method) for the year 2018.

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Sales Cost of Goods Sold Operating Expenses, other than depreciation expense Depreciation Expense Loss on Sale of Plant Assets Net Income Accounts Receivable Inventory Accounts Payable Accrued Liabilities Accounts Receivable Inventory Accounts Payable Accrued Liabilities 2018 Income Statement $ 777,000 (555,000) (22,000) (44,000) (11,000) 145,000 Balance Sheets Dec. 31, 2018 $63,300 2,400 35,000 2,100 Dec. 31, 2017 $63,000 2,800 37,400 2,650