Khayat Company reported net income of $100,000 for the current year, Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Current Assets End of Year Beginning of Year Prepaid expenses $ 9,500 $ 5,000 Inventories 55,000 65,000 Accounts receivable 24,000 32,000 Cash 20,000 15,000 Current Liabilities Accounts payable 12,000 18,000 Income taxes payable 1,600 1,200 Additional Information: Depreciation recorded on buildings and equipment is $50,000 for the year. Gain on selling equipment during the year was $4,000. Instructions Prepare the cash flows from the operating activities section of the statement of cash flows using the Indirect method