Gutierrez Company reported net income of $199,300 for 2020. Gutierrez also reported depreciation expense of $46,900 and a loss of $6,500 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $17,600 for the year, a $19,600 increase in accounts payable, and a $4,900 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2020. 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 choose the accounting period For the Year Ended December 31, 2020December 31, 2020For the Month Ended December 31, 2020
select an opening section name 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
select an item Decrease in Accounts Payable Increase in Prepaid Expenses Net Income Depreciation Expense Loss on Disposal of Plant Assets Increase in Accounts Receivable Decrease in Accounts Receivable Decrease in Prepaid Expenses Increase in Accounts Payable		$enter a dollar amount
Adjustments to reconcile net income to
select a subsection name 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
select an item Increase in Accounts Payable Decrease in Accounts Payable Net Income Loss on Disposal of Plant Assets Increase in Accounts Receivable Decrease in Accounts Receivable Depreciation Expense Increase in Prepaid Expenses Decrease in Prepaid Expenses	$enter a dollar amount
select an item Decrease in Prepaid Expenses Decrease in Accounts Receivable Loss on Disposal of Plant Assets Net Income Increase in Accounts Receivable Increase in Prepaid Expenses Depreciation Expense Increase in Accounts Payable Decrease in Accounts Payable	enter a dollar amount
select an item Depreciation Expense Loss on Disposal of Plant Assets Decrease in Accounts Receivable Increase in Prepaid Expenses Decrease in Accounts Payable Increase in Accounts Payable Increase in Accounts Receivable Decrease in Prepaid Expenses Net Income	enter a dollar amount
select an item Net Income Decrease in Accounts Payable Increase in Accounts Receivable Loss on Disposal of Plant Assets Depreciation Expense Decrease in Accounts Receivable Increase in Prepaid Expenses Decrease in Prepaid Expenses Increase in Accounts Payable	enter a dollar amount
select an item Increase in Accounts Payable Loss on Disposal of Plant Assets Increase in Accounts Receivable Decrease in Accounts Payable Decrease in Accounts Receivable Net Income Increase in Prepaid Expenses Decrease in Prepaid Expenses Depreciation Expense	enter a dollar amount
		enter a subtotal of the adjustments
select a closing section name Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash		$enter a total amount for the section