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Additional Information: Operating expenses include $ 5 0 , 0 0 0 of depreciation expense and a $ 4 5 , 0 0 0 impairment

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Additional Information:
Operating expenses include $50,000 of depreciation expense and a $45,000 impairment loss on
property, plant and equipment.
Accounts Receivable decreased by $105,000
Merchandise Inventory decreased by $54,000
Prepaid expenses related to operating expenses increased by $35,000
Accounts Payable to suppliers of merchandise increased by $120,000
Accrued liabilities related to operating expenses decreased by $41,000
Interest Payable increased by $52,000
Income tax payable increased by $44,000
Required:
Prepare the operating activities section of the statement of cash flows using the Indirect Method.
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