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Buffalo Corporation had the following 2020 income statement. Sales revenue $182,000 Cost of goods sold 126,000 Gross profit 56,000 Operating expenses (includes depreciation of $23,000)

Buffalo Corporation had the following 2020 income statement.

Sales revenue

$182,000

Cost of goods sold

126,000

Gross profit

56,000

Operating expenses (includes depreciation of $23,000)

46,000

Net income

$10,000

The following accounts increased during 2020: Accounts Receivable $11,000, Inventory $10,000, Accounts Payable $12,000. Prepare the cash flows from operating activities section of Buffalos 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).)

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