Cullumber Corporation had the following 2020 income statement.

Sales revenue		$198,000
Cost of goods sold		125,000
Gross profit		73,000
Operating expenses (includes depreciation of $23,000)		53,000
Net income		$20,000

The following accounts increased during 2020: Accounts Receivable $13,000, Inventory $10,000, Accounts Payable $13,000. Prepare the cash flows from operating activities section of Cullumbers 2020 statement of cash flows using the indirect method.

Cullumber Corporation Statement of Cash Flows-Indirect Method (Partial) For the Year Ended December 31, 2020 Cash Flows from Financing Activities 20000 Net Income Adjustments to reconcile net income to Net Cash Used by Financing Activities X X Cash Flows from Financing Activities