$17-7 Prepare the operating section of Preston Media Corporation's 2020 cash flow statement using the indirect method. Use the comparative balance sheet provided and the following selected fiscal 2020 income statement information: .Net income, $19,000 . Amortization expense, $11,000 Assets Current assets Accounts receivable Company vehicle Less: Accumulated amortization-company vehicle Total assets Liabilities Current liabilities Accounts payable Long-term habilities Notes payable PRESTON MEDIA CORPORATION Balance Sheet March 31, 2020 and 2019 Total liabilities Shareholders' Equity Common shares Retained earnings Total shareholders equity Total liabilities and shareholders' equity 2020 $ 5,000 9,600 105,350 29,350 $90,600 $8,000 9.000 17,000 27,000 46,600 73,600 $90,600 3 Preparing the operating section of the cash flow statement-indirect method Net cash inflow, $29,000 2019 $ 3,900 5,100 84,350 18.350 $75,000 $4,500 12,000 16,500 23,000 35,500 58.500 $75,000