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Presented below is the income statement of Mets, Inc.: Sales revenue Cost of goods sold Gross profit Operating expenses Income before income taxes $380,000 225,000

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Presented below is the income statement of Mets, Inc.: Sales revenue Cost of goods sold Gross profit Operating expenses Income before income taxes $380,000 225,000 $155,000 95,000 60,000 24,000 Income taxes Net income $ 36.000 In addition, the following information related to net changes in working capital is presented: Cash increased Accounts receivable increased Inventories decreased Salaries payable (operating expenses) decreased Accounts payable increased Income taxes payable decreased $12,000 25,000 $19,400 8,000 14,000 3,000 The company also indicates that depreciation expense for the year was $16,700. Instructions Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows using the indirect method

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