Bonita Corporation had the following 2020 income statement.

Sales revenue

$198,000

Cost of goods sold

125,000

Gross profit

73,000

Operating expenses (includes depreciation of $23,000)

53,000

Net income

$20,000

The following accounts increased during 2020: Accounts Receivable $13,000, Inventory $10,000, Accounts Payable $13,000. Prepare the cash flows from operating activities section of Bonita's 2020 statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Bonita Corporation

Statement of Cash Flows-Indirect Method (Partial)

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Adjustments to reconcile net income to

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