Exercise 17-4 RCES Gutierrez Company reported net income of $199,700 for 2017. Gutierrez also reported depreciation expense of $47,000 and a loss of $6,100 on disposal of equipment. The comparative balance sheet shows an decrease in accounts receivable of $19,500 for the year, a $21,500 increase in accounts payable, and a $3,200 decrease in prepaid expenses. of Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method. (Show bc amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) id GUTIERREZ COMPANY Partial Statement of Cash Flows ser Se Adjustments to reconcile net income to tudy po nc