Gutierrez Company reported net income of $195,920for 2014. Gutierrez also reported depreciation expense of $43,430and a loss of $6,000on the disposal of equipment. The comparative balance sheet shows a decrease in accounts receivable of $8,900for the year, a $12,790increase in accounts payable, and a $4,070decrease in prepaid expenses.

Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect method.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

GUTIERREZ COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2014
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Increase in Prepaid ExpensesLoss on Disposal of EquipmentIncrease in Accounts ReceivableIncrease in Accounts PayableDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Prepaid ExpensesNet IncomeDepreciation Expense	$
Adjustments to reconcile net income to
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Depreciation ExpenseNet IncomeLoss on Disposal of EquipmentIncrease in Accounts PayableIncrease in Prepaid ExpensesDecrease in Accounts PayableIncrease in Accounts ReceivableDecrease in Accounts ReceivableDecrease in Prepaid Expenses	$
Decrease in Prepaid ExpensesLoss on Disposal of EquipmentDepreciation ExpenseIncrease in Accounts PayableDecrease in Accounts PayableIncrease in Prepaid ExpensesIncrease in Accounts ReceivableDecrease in Accounts ReceivableNet Income
Decrease in Accounts PayableDecrease in Accounts ReceivableIncrease in Accounts PayableIncrease in Accounts ReceivableLoss on Disposal of EquipmentIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesNet IncomeDepreciation Expense
Loss on Disposal of EquipmentDepreciation ExpenseIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesIncrease in Accounts ReceivableDecrease in Accounts PayableDecrease in Accounts ReceivableIncrease in Accounts PayableNet Income
Increase in Accounts ReceivableLoss on Disposal of EquipmentDecrease in Accounts ReceivableNet IncomeDepreciation ExpenseDecrease in Accounts PayableIncrease in Prepaid ExpensesIncrease in Accounts PayableDecrease in Prepaid Expenses
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash	$