ELECTRICAL SUPPLIES LTD. Income Statement year ended December 31, 2011 $600,000 Sales Cost of goods sold Wages expense Other expenses Rent expense Insurance expense Depreciation expense - furniture, fixtures and equipment Loss on sale of furniture Net income 202,000 190,000 50,300 48,000 25,800 20.000 3.100 539.200 60.800 December 31, 2011 Accounts receivable Inventory Prepaid insurance Accounts payable Wages payable Uneamed revenue $ 53,000 182.000 13.800 63.000 3,654 26.000 December 31, 2010 $ 45,000 191.000 12.000 57.000 4.384 24.000 Required Prepare the cash flows from operating activities section of the statement of cash flows for the year ended December 31, 2011, using the indirect method of presentation