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Budget Auto Parts Company uses the indirect method to prepare the statement of cash flows Refer to the following income statement: Budget Company Income Statement

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Budget Auto Parts Company uses the indirect method to prepare the statement of cash flows Refer to the following income statement: Budget Company Income Statement Year Ended December 31, 2017 Sales Revenueexist360,000 Interest Revenue 1, 500 Gain on Sale of Plant Assets6.000 Total Revenues and Gainsexist367, 500 Cost of Goods Sold165,000 Salary Expense67, 500 Depreciation Expense 18,000 other operating Expenses34500 Interest Expense 1, 500 Income Tax Expense 7, 500 Total Expenses 294,000 Net Income (Loss) exist23, 500 Additional information provided by the company includes the following: Current assets other than cash increases by exist36,000. Current liabilities decrease by exist1, 500. Prepare the operating activities section of the statement of cash flows

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