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Cinderella Company reports net income of $100,000 and Depreciation Expense of $50,000 for the year ending December 31, 2019. There were no gains or losses

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Cinderella Company reports net income of $100,000 and Depreciation Expense of $50,000 for the year ending December 31, 2019. There were no gains or losses from the sale of long-term assets. They also have the partial comparative balance sheet shown below: December 31, December 31, 2019 2018 Current Assets: Cash Accounts Receivable Inventory Prepaid Rent Total Current Assets $80,000 100,000 70,000 10,000 $260,000 $30,000 160,000 100,000 20,000 $310,000 Current Liabilities Accounts Payable Salaries Payable Total Current Liabilities $40,000 90,000 $130,000 $50,000 40,000 $90,000 Using the indirect method, prepare the operating activities section of the statement of cash flows for the year ending December 31, 2019

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