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32 Cinderella Company reports net income of $100,000 and Depreciation Expense of $50,000 for the year ending December 31, 2019. There were no gains or

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32 Cinderella Company reports net income of $100,000 and Depreciation Expense of $50,000 for the year ending December 31, 2019. There were no gains or losses from the sale of long-term assets. They also have the partial comparative balance sheet shown below: December 31, 2019 December 31, 2018 Current Assets Cash Accounts Receivable Inventory Prepaid Rent Total Current Assets $30,000 160,000 100,000 20.000 $310,000 $80,000 100,000 70,000 10.000 $260,000 Current Liabilities: Accounts Payable $50,000 $40,000 Salaries Payable 40,000 90,000 Total Current Liabilities $90,000 $130,000 Using the indirect method, prepare the operating activities section of the statement of cash flows for the year ending December 31, 2019

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