Portions of the financial statements for Sunset Telecom are provided below: SUNSET TELECOM Income Statement For...

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Portions of the financial statements for Sunset Telecom are provided below: SUNSET TELECOM Income Statement For the Year Ended December 31, 2024 Revenues Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net Income $612,000 $363,000 112,000 26,000 55,500 556,500 $55,500 SUNSET TELECOM Selected Balance Sheet Data December 31, 2024 Increase in accounts receivable $5,300 Increase in inventory 11,000 Decrease in prepaid rent 10,400 Increase in operating expenses payable 5,300 Decrease in accounts payable 7,900 Increase in income tax payable 21,600 Required: Prepare the operating activities section of the statement of cash flows for Sunset Telecom using the indirect method. (Amounts to be deducted and negative values should be Indicated by a minus sign.) SUNSET TELECOM Statement of Cash Flows For the year ended December 31, 2024 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities Portions of the financial statements for Sunset Telecom are provided below: SUNSET TELECOM Income Statement For the Year Ended December 31, 2024 Revenues Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net Income $612,000 $363,000 112,000 26,000 55,500 556,500 $55,500 SUNSET TELECOM Selected Balance Sheet Data December 31, 2024 Increase in accounts receivable $5,300 Increase in inventory 11,000 Decrease in prepaid rent 10,400 Increase in operating expenses payable 5,300 Decrease in accounts payable 7,900 Increase in income tax payable 21,600 Required: Prepare the operating activities section of the statement of cash flows for Sunset Telecom using the indirect method. (Amounts to be deducted and negative values should be Indicated by a minus sign.) SUNSET TELECOM Statement of Cash Flows For the year ended December 31, 2024 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities