Prepare the operating activities section of the statement of cash flows, using the indirect method

Selected information from Juno Ltd.s statement of financial position and income statement is shown below: (please show your work)

JUNO LTD. Statement of Financial Position (partial) December 31
		2015		2014
Current assets
Accounts receivable		$6,022		$12,220
Merchandise inventory		6,350		4,860
Prepaid expenses		3,100		2,060
Current liabilities
Accounts payable		4,130		2,170
Income tax payable		1,290		731
Accrued liabilities		2,600		1,370
Bank loan payablecurrent portion		4,940		11,160

JUNO LTD. Income Statement Year Ended December 31, 2015
Net sales		$196,800
Cost of goods sold		112,440
Gross profit		84,360
Operating expenses		49,920
Profit from operations		34,440
Interest expense		1,170
Profit before income tax		33,270
Income tax expense		3,910
Profit		$29,360

Additional information:

1.		The bank loan was issued to finance the purchase of equipment.
2.		Operating expenses included depreciation expense of $11,550 and a loss of $4,320 on the disposal of equipment.

Prepare the operating activities section of the statement of cash flows, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) UNO LTD. Statement of Cash Flows (Partial)-Indirect Method Year Ended December 31, 2015 Operating activities Adjustments to reconcile profit to net