Prepare the operating activity section of the statement of cash flow for the company using the indirect method

Portions of the financial statements for a company are provided below. 21 05.05 Income Statement For the year ended December Year 2 Net als $1,650,000 Expenses Cost of goods sold 3990.000 Operating expenses 500,000 Depreciation expense 44.000 Income taxe 14.00 Total expenses 1.500.000 it Income Selected lance Sheet bota December 1 Increase (1) or Year Year 1 Decrease (0) Cash 596,000 $82,000 $14,000 (1) Accounts receivable 50.000 5.400() Inventory 69,000 57.000 17,000 (1) Prepaid rent 2.400 >,00 1.400(0) Accounts payable 39.000 34,000 5.00 Tecome tax payable 2,000(0) Required: Prepare the operating activities section of the statement of cash flows for the company using the Indirect method (List cash outflows and any decrease in cash as negative amounts) Statement of Cash Flows (partial) For the Year Ended December 31, Year 2 Canh Bows from operating activities Autons to reconcile net income fonet cash women