prepare the operating activites section of the statement of cash flows

ABC Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: 1 291,300 145,000 146,300 97,800 48,500 ABC Company Income Statement Year Ended December 31, 2016 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense 16,000 Salary Expense 49,000 Other Operating Expenses 32,800 Total Operating Expenses Operating Income Other Revenue and (Expenses): Interest Revenue 1,000 Gain on Disposal of Plant Assets 6,000 Interest Expense (3,500) Total Other Revenue and (Expenses) Net Income ABC Company Comparative Balance Sheet December 31, 2016 and 2015 2016 Assets Current Assets: Cash 33,000 Accounts Receivable 29,000 Merchandise Inventory 56,000 Long-term Assets: Plant Assets 142,000 3,500 52,000 2015 $ 13,000 36,000 29,000 117,000 244,000 $ ABC Company Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Assets Current Assets: Cash 33,000 $ 13,000 Accounts Receivable 29,000 36,000 Merchandise Inventory 56,000 29,000 Long-term Assets: Plant Assets 142,000 117,000 Accumulated Depreciation-Plant Assets (46,000) (50,000) Investments 30,000 25,000 Total Assets 170,000 Liabilities Current liabilities: Accounts Payable 9,000 $ 13,000 Salaries Payable 7,000 3,000 Long-term Liabilities: Notes Payable 70,000 79,000 Total Liabilities 86,000 95,000 Stockholders' Equity Common Stock 55,000 3,000 Retained Earnings 103,000 72,000 Total Stockholders' Equity 158,000 75,000 Total Liabilities & Stockholders' Equity 244,000 S 170,000 Other Information: 1. ABC received $6,000 for the disposal of plant assets, cost & A/D of the disposed assets was $20,000 2. There were no new borrowings on the Notes Payable