INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2014 $755,000 Sales Cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses 89,000 Net income 543,000 212,000 $52,000 141,000 $71,000 Additional information: 1. Accounts receivable decreased S63,000 during the year. 3. Prepaid expenses increased S12,000 during the year. 4. Accounts payable to increased S25,000 during the year. 5. Accrued expenses payable increased S6,000 during the year 6. Administrative expenses include depreciation expense of S20,000. Instruction: Prepare the operating section of the cash flow statement using the indirect method. account name sign Net cash flow from operating activities Net income Net Cash flow from operating activities