E13.4 (LO 2) Selected information from Juno Ltd.s statement of financial position and statement of income is as follows:

Juno Ltd. Statement of Financial Position (partial) December 31
	2021	2020
Current assets
Accounts receivable	$7,000	$12,000
Inventory	5,900	4,500
Prepaid expenses	3,000	2,500
Current liabilities
Accounts payable	3,750	2,500
Income tax payable	1,200	800
Property tax payable	2,500	1,500
Bank loan payablecurrent portion	5,000	10,000

Juno Ltd. Statement of Income Year Ended December 31, 2021
Sales	$190,000
Cost of goods sold	114,000
Gross profit	76,000
Operating expenses	50,000
Income from operations	26,000
Interest expense	1,200
Income before income tax	24,800
Income tax expense	3,800
Net income	$21,000

Additional information:

1. The bank loan was received in the past to finance the purchase of equipment.
2. Operating expenses included depreciation expense of $11,000 and a loss of $5,000 on the disposal of equipment.

Instructions

Prepare the operating activities section of the statement of cash flows, using the indirect method.