One accounting problem attached. Thank you. (final prep)

Simply Charming Inc. had the following financial information for 2013. Prepare the operating section ONLY of the statement of cash flows using the indirect method. Simply Charming Inc. Income Statement For Year Ended December 31, 2013 Revenue: 174,00 0 Sales Revenue Expenses: Depreciation Expense Salaries Expense Rent Expense Utilities Expense Loss on Sale of Furniture Total Expenses Net Income 14,20 0 50,00 0 16,00 0 5,900 2,700 88,800 85,200 Simply Charming Inc. Balance Sheet December 31, 2013 Assets: Cash Accounts Receivable Supplies Inventory Total Current Assets 2013 2012 616,85 554,05 0 0 Liabilities & Equity: 80,000 90,000 Taxes Payable 3,250 1,000 180,00 195,00 0 0 880,10 840,05 0 0 Accounts Payable Total Current Liabilities Common Stock Paid in capital in excess of 2013 2012 59,500 74,000 4,350 3,800 63,850 77,800 330,00 330,00 0 0 430,00 430,00 Simply Charming Inc. Balance Sheet December 31, 2013 par value, common stock Furniture 48,000 74,000 Less: Accum. Depreciation Total Plant Assets (26,00 0) Total Paid in Capital (20,00 0) 22,000 54,000 Retained Earnings 902,10 894,05 TOTAL LIABILITIES AND 0 0 EQUITY Cash Flows from Operating Activities: TOTAL ASSETS Adjustments to reconcile net income to net cash Total Adjustment 0 0 760,00 760,00 0 0 78,250 56,250 902,10 894,05 0 0