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Below is an income statement for Walla Walla Products for the year ended December 31, 2020, and a schedule listing the company's current assets and

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Below is an income statement for Walla Walla Products for the year ended December 31, 2020, and a schedule listing the company's current assets and current liabilities at the end of 2019 and 2020: Walla Walla Products Income Statement Forithe Year Ended December 31, 2020 Sales $218,600 Cost of goods sold 49,812 Gross pront 68,788 Operating expenses: Selling general expenses $11,600 Depreciation expense 2,520 14,120 Operating income 54,668 Loss on sale of land 3,708 Income before income tax 50.960 Income tax expense 10,192 Net income $40,768 Schedule of Current Assets and Current Liabilities Cash Accounts receivable Inventory Prepaid expenses Accounts payable Accrued liabilities December 31, 2020 $14,600 4,510 6,010 2,130 2,420 1,960 December 31, 2019 $12,200 3.490 5,510 2,600 1,770 2,600 Prepare the operating activities section of the statement of cash flows using the indirect-method (Enter amounts that decrease cash flowelther with a negative sign preceding the number, eg.-15,000 of parenthesis es (15,000).) Walla Walla Products Partial Statement of Cash flows - Indirect method Operating activities

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