9. Use the following information from Dobby House Corp to create the Cash Flow from Operations Section of the Cash Flow Statement using the indirect method. Note: You may not have sufficient information to prepare a complete cash flow statement but you do have enough to do just the Cash Flow from Operations section. (20 Points)

$150,000 100,000 50,000 Dobby House Corp Income Statement Year Ended December 31, 2016 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense- Plant Assets Other Operating Expenses Total Operating Expenses Net Income $10,000 2,100 $4,000 16,100 33,900 Dobby House Corp Comparative Balance Sheet (Partial - Current Assets & Liabilities Only) December 31, 2016 and 2015 2016 2015 Assets Current Assets: Cash Accounts Receivable Merchandise Inventory Total Current Assets $11,000 1,000 14,000 $26,000 $9,000 1,500 12,000 $22,500 Liabilities Current Liabilities Accounts payable Accrued Liabilities Total Current Liabilities $5,800 8,700 $14,500 $4,300 7,300 $11,600