Los Geht's Ltd. Statement of Income Year Ended December 31, 2020 3,293,000 1,767,000 1,526,000 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Loss on disposal of equipment Income from operations Interest expense Income before tax Income tax expense Net income 803,600 135,300 14,000 952,900 573,100 52,800 520,300 36,000 484,300 2020 2019 Current assets Cash Accounts receivable Inventory Estimated inventory returns Prepaid expenses 225,700 258,400 104,400 21,000 16,800 144,300 104,000 124,700 3,800 24,600 2019 Current liabilities Accounts payable Refund liability Rent payable Salaries payable Income tax payable Deferred revenue 2020 96,200 37,800 14,800 25,800 53,300 27,300 196,100 7,000 19,000 14,400 30,100 10,800 Prepare the operating section of the Cashflow Statement using the indirect method. Enter your result below. Please don't forget to upload your notes (including the full cash flow from operations) to the dropbox immediately after submitting the exam. Formatting requirements: Enter the amount as plain number (no $-signs, no commas or other thousands-separators); negative amounts should be written with "-" in front of the amount (without space), e.g. -5000. Blank 1: Net cash provided from operating activities