Pancho Company reported net income of $255,000 for 2020. Pancho sold equipment that cost $110,000 and had a book value of $66,000 for $57,000. The comparative balance sheet shows a decrease in accounts receivable of $19,000 for the year, a $12,000 increase in accounts payable, a $3,000 increase in prepaid expenses, and a $18,000 increase in accumulated depreciation. Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method. (Show amounts that decrease cash flow with either a-signes. -15,000 or in parenthesis es. (15,000)) PANCHO COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash Noncash investing and Financing Activities Pancho Company reported net income of $255,000 for 2020. Pancho sold equipment that cost $110,000 and had a book value of $66,000 for $57,000. The comparative balance sheet shows a decrease in accounts receivable of $19,000 for the year, a $12.000 increase in accounts payable, a $3.000 Increase in prepaid expenses, and a $18,000 increase in accumulated depreciation. Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis e.8. (15,000).) PANCHO COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to