Five Delta Corporation, income statement is shown below. Delta Corporation Income Statement For the Year Ended December 31, 2006 Sales $124,000 Cost of goods sold Gross profit (58,000) $ 66,000 Operating expenses: Wages and salaries expense $22,000 8,000 Rent expense Depreciation expense Other operating expenses Income from operations Gain on sale of equipment Income before income tax Income tax expense Net income Additional information: Increase in accounts receivable. 15,000 9,000 (54,000) $ 12,000 13,000 $ 25,000 (8,750) $ 16,250 $ 2,000 Increase in accounts payable. 8,000 Increase in income taxes payable. 150 Decrease in prepaid expenses...... 5,000 Decrease in merchandise inventory..... 7,000 Decrease in long-term notes payable... 10,000 Increase in plant assets. 35,000 Decrease in bonds payable.. 15,000 (10 Points) Based on the above information, prepare the operating activities section of the statement of cash flows for Delta Corporation for the year ended December 31, 2006, using the indirect method. Answer this question on the next page