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he following information was taken from the records of Adams,Inc.. 20162017 ASSETS: Cash$25,000$43,000 Accounts Receivable120,500115,000 Prepaid Rent3,0004,000 Accounts Payable89,00095,000 Utilities Payable8,0006,500 Income Statement For the

he following information was taken from the records of Adams,Inc..

20162017

ASSETS:

Cash$25,000$43,000

Accounts Receivable120,500115,000

Prepaid Rent3,0004,000

Accounts Payable89,00095,000

Utilities Payable8,0006,500

Income Statement

For the Year ended December 31, 2017

REvenue$ 160,000

Expenses:

Operating Expenses$ 123,000

Utilities Expenses12,000

Rent Expense16,000(151,000

Net Income$9,000

REQUIRED:Prepare the Operating Activities section of the cash flowstatement under the indirect method.

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