Prepare the financing section of the statement of cash flows for the year ended December 31, 2018.

13) Dakota Telescopes Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement:

Dakota Telescopes Company

Income Statement

Year Ended December 31, 2019

Sales Revenue $275,000

Interest Revenue 2,600

Total Revenues $277,600

Cost of Goods Sold 135,000

Salary Expense 66,500

Depreciation Expense 32,000

Other Operating Expenses 35,900

Interest Expense 2,400

Income Tax Expense 6,500

Loss on Sale of Plant Assets 2,000

Total Expenses and Losses 280,300

Net Loss ($2,700)

Additional information provided by the company includes the following:

Current assets other than cash decreased by $25,000.

Current liabilities increased by $3,000.

Prepare the operating activities section of the statement of cash flows.