Dickinson Company reported net income of $$155,000$ for the current year. Depreciation recorded on buildings and equipment amounted to $$65,000$ for the year. In addition, a building with an original cost of $$250,000$ and accumulated depreciation of $$190,000$ on the date of the sale was sold for $$75,000.$ Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

Line Item Description End of Year Beginning of Year

Cash $$20,000$ $$15,000$

Accounts receivable $19,00032,000$

Inventories $50,00065,000$

Accounts payable $12,00018,000$

Prepare the operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.

Dickinson Company

Cash Flows From The Operating Activities Section

Line Item Description Amount

$$-$ Select $-$

Adjustments to reconcile net income to net cash flows from $($used for$)$ operating activities:

$-$ Select $-$

$-$ Select $-$

Changes in current operating assets and liabilities: blank

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Net cash flows from operating activities $Net cash flows from operating activities