Prepare the operating activities section of the statement of cash flows for this company using the indirect method.

Annual Income Statement Data Sales Expenses: Cost of goods sold Wages expense Amortization expense Net income Selected Year-End Balance Sheet Data $ 55,000 Wages payable decrease Inventory increase. 36,000 Accounts payable decrease 11,500 2,400 $ 5,100 $ 3,500 510 1,000