7.30 Will and Grace Partners reported a profit of S67 000 for the year. The statement of profit or loss also showed that depreciation expense was $7 000 and a loss on the sale of a motor vehicle of $3 000. The balance sheet showed an increase in accounts receivable of S4 000 for the year, a decrease in inventory of $3 000 and an increase in accounts payable of $4 000. Required Prepare a reconciliation of operating profit to cash flows from operating activities using the indirect method as illustrated in the chapter