Accounts payable pertain to operating expenses. Instructions Prepare the operating activities section of the statement of cash flows using the indirect method ies *P13-6A Data for Zumbrunn Company are presented in P13-5A. Instructions repare the operating activities section of the statement of cash flows using the direct method. P13-7A The following are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Equipment 2017 2016 s 38,000 S 20,000 30,000 27,000 60,000 (29,000) 14,000 20,000 78,000 (24,000) $108,000 ecmlated deprecation cquipment Total $126,000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings S 24,000 7,000 27,000 18,000 50,000 s 15,000 8,000 33,000 14,000 38,000 $108,000 Total