Norman Company's income statement for the year ended December 31, 2010, contained the following condensed information. Revenue from fees $840,000 Operating expenses (excl. depreciation) $624,000 Depreciation expense 60,000 Loss on sale of equipment 26,000 710,000 Income before taxes 130,000 Income tax expense 40,000 Net income $90,000 Norman's balance sheet contained the following comparative data at December 31. 2010 2009 Accounts receivable $37,000 $59,000 Accounts payable 46,000 31,000 Income taxes payable 4,000 8,500 (Accounts payable pertains to operating expenses.) Instructions Complete the operating activities section of the statement of cash flows using the indirect method. (List amounts from largest positive to smallest positive followed by most negative to least negative, e.g. 15, 14, 10, -17, -5, -1.) NORMAN COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2010 Cash flows from operating activities $ Adjustment to reconcile net income to net cash provided by operating activities $ Net cash by operating activities $