CASH FLOWS FROM OPERATIONS, INDIRECT METHOD. Service Company had net income during 19x3 of $111,000. The following data are available for balance sheet account changes during 19x3:

REQUIRED:
Prepare the cash flows from operations section of the statement of cash flows, using the indirect method.

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Accounts receivable Inventory Accounts payable Interest payable Accumulated depreciation, equipment* Accumulated depreciation, building Retained earningst $20,000 increase 25,000 increase 16,000 decrease 9,000 increase 27,000 increase 12,000 increase 75,000 increase Equipment with accumulated depreciation of $15,000 was sold during 19x3. +Includes net income of $111,000 and cash dividends paid of $36,000.