Partial balance sheets and additional information are listed below for Sowell Company. Sowell Company Partial Balance Sheets as of December 31 Assets Cash Accounts receivable Inventory Liabilities 2024 2023 $ 40,000 $ 20,000 70,000 40,000 85,000 35,000 Accounts payable Additional information for 2024: Net income was $88,000. $ 54,000 $62,000 Depreciation expense was $19,000. Required: Prepare the operating activities section of the statement of cash flows for 2024 using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign.