Los Geht's Ltd. Statement of Income Year Ended December 31, 2020 1,335,000 651,000 684,000 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 392,000 66,000 5,200 463,200 220,800 25,200 195,600 36,000 159,600 Current assets Cash Accounts receivable Inventory Estimated inventory returns Prepaid expenses 2020 91,500 95,200 55,100 6,000 4,800 2019 62,900 41,600 52,200 1,400 12,000 Current liabilities Accounts payable Refund liability Rent payable Salaries payable Income tax payable Deferred revenue 2020 39,000 10,800 6,000 10,800 26,000 11,900 2019 79,500 2,600 7,000 7,600 12,600 5,700 7 10 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 13 16