$55,000 Annual Income Statement Data Sales Expenses: Cost of goods sold Wages expense Amortization expense Net income Selected Year-End Balance Sheet Data Prepaid expenses increase $3,500 Inventory increase 510 Accounts payable decrease 1,000 36,000 11,500 2,400 $ 5,100 Prepare the operating activities section of the statement of cash flows for Green Garden using the Indirect method (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Net income $ Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Amortization expenso 5,100 2,400 Changes in current operating assets and liabilities Prepaid expenses increase Inventory increase Accounts payable decrease (3,500) (510) (1,000) S 2,490