Partial balance sheets and additional information are listed below for Sowell Company.

Sowell Company
Partial Balance Sheets
as of December 31
	2021			2020
Assets
Cash	$	47,000		$	26,300
Accounts receivable		76,300			92,000
Inventory		47,000			41,300
Liabilities
Accounts payable	$	60,300		$	69,000

Additional information for 2021: Net income was $95,000. Depreciation expense was $22,500. Required: Prepare the operating activities section of the statement of cash flows for 2021 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

CASH FLOWS FROM OPERATING ACTIVITES
(NET INCOME OR NET LOSS?)
ADJUSTMENT FOR NONCASH EFFECTS
Changes In Operating Assets & Liabilities
net cash flows from operating activities