As the accountant for Genetic Incorporated, you are responsible for preparing the cash flow statement. You have decided to prepare the statement using the indirect method and have gathered together the following data from the accounting records:Principalpayments on non$-$current debt$ $50,000$Collections on accounts receivable$287,500$Increase in accounts payable$24,300$Acquisition of equipment by issuing non$-$current note payable$70,000$Depreciation expense$71,300$Collection of loan principal$58,000$Proceeds from sale of investments, not including $$5,100$ gain$49,100$Increase in accounts receivable$7,200$Cash payments to purchase capital assets$62,000$Decrease in accrued liabilities$30,600$Payment of cash dividends$46,500$Income tax expense and payments$39,300$Proceeds from sale of capital assets, not including $$7,400$ loss$22,600$Net income$147,100$Cash sales$217,400$Proceeds from issuance of common shares$300,000$Increase in inventory$41,700$Loan to another company$60,000$Bonds payable convertedinto common shares$130,000$Payments to suppliers$283,100$Decrease in prepaid expenses$12,800$Cash balance: December $31,201962,500$Cash balance: December $31,2020452,000$Prepare the operating activities section of the cash flow statement for the GeneticIncorporatedusing the indirect method.