II. Preparation of statement of cash flows - operating activities (26 points) Snohomish Corporation's comparative financial statements and supporting information included the following amounts for the year ended December 31, 2020: Depreciation expense Loss on sale of fixed assets Decrease in fixed assets Proceeds from bank borrowing Increase in accounts receivable Income tax expense Decrease in accounts payable Purchase of patent Sales revenue Decrease in inventory Selling and general expenses Increase in taxes payable Cost of goods sold Net income $102,000 38,000 155,000 34,000 37,000 300,000 42,000 41,000 2,420,000 65,000 430,000 19,000 830,000 720,000 A. In good form, prepare the operating activities section of the statement of cash flows using the indirect method. B. In good form, prepare the operating activities section of the statement of cash flows using the indirect method