43) Use the following information from Grenada Company's financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Show your work. (Hint: Refer to the examples in Chapter 16.) 2018 Income Statement Balance Sheets Sales Cost of Goods Sold Operating Expenses, other than depreciation expense Depreciation Expense Gain on Sale of Investments Net Income $ 286,000 (159,000) (77,500) (9,500) 14,200 54,200 Accounts Receivable Accounts Payable Dec. 31, 2018 $16,500 7,400 Accounts Receivable Accounts Payable Dec. 31, 2017 $18,250 8,800