B/S	Dec 31 2019	Dec 21 2018
Cash	9780	4840
Short-Term investments	12800	11400
A/R	7580	4300
Inventory	12250	9285
prepaid expenses	1840	2600
ppe	27000	24250
Accumulated Depreciation	(5000)	(5200)
Total	66250	51475
A/P	9300	7730
accrued Liabilites	1150	700
Bank loan payable	11000	15000
Common Shares	20000	17500
R/E	24800	10545
Total	66250	51475

I/S 2019
Sales		49278
CGS		18546
gross profit		30732
operating expense		11641
operating income (EBIT)		19091
Other Revenues and expenses:
Unrealized gain on ST investments	1400
Interest Expense	-473	927
Income before tax		20018
Tax Expense		4500
NI		15518

additional information

Prepaid expenses and accrues liabilities relate to operating expenses

An unrealized gain on ST-Investment of 1400 was recorded

A/P relates to purchases of inventory

Operating Expenses include 4650 of depreciaiton expense and 750 loss on disposal of equipment

REQUIRED

prepair Cash flows from operations using indirect method

Calculate cash paid for operating expenses

Calculate Operating Assets and Operating Liablitles for 2018 and 2019