Prepare the Operating Activities section of the Statement of Cash Flows for Acorn Technologies using the indirect method from the data below. .

Acorn Technologies Comparative Balance Sheets December 31, 2017 2016 Current assets: 5 67,200 $ 12,800 50,000 45,000 6,000 Cash and cash equivalents Accounts receivable Inventories Prepaid expenses 54,700 53,400 2,400 Plant assets: Land Equipment, net 32,000 45,000 $ 279,800 $ 190,800 49,200 52,900 Total assets Current liabilities: Accounts payable Salaries payable Other accrued liabilities $ 35,500 29,000 15,000 25,000 24,000 22,100 Long-term liabilities: Notes payable 49,000 35,000 Stockholders' equity: Common stock, no-par Retained earnings 60,000 26,800 $ 279,800 $ 190,800 89,000 60,200 Total liabilities and stockholders' equity Acorn Technologies Income Statement Year Ended December 31, 2017 Sales revenue $ 600,000 Cost of goods sold Salary expense Depreciation expense-equipment Other operating expense Interest expense Income tax expense S 350,000 75,000 12,000 50,000 28,000 30,000 Total expenses 545,000 $ 55,000 Net income Acorn Technologies had no noncash investing and financing transactions during 2017. During the year, there were no sales of land or equipment, no payment of notes payable, no retirements of stock, and no treasury stock transactions