Casper's Cookie Company reported net income of $120,000 for the current year. Depreciation recorded on buildings and equipment amounted to $80,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash 20,000 15,000 A/R 24,000 32,000 w Inventory 50,000 65,000 Prepaid Expenses 9,500 5,000 A/P 12,000 18,000 Income Taxes Payable 1,600 1,200 Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method