Problem 15-7 Bradley Company's below: net income last year was $77,000. Changes in the company's balance sheet accounts for the year appear (Decreases) Debit balances: Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant and equipment $12,000 (16,000) 18,000 7,000 20,000 70,000 Credit balances: Accumulated depreciation Accounts payable Accrued tiabilities Taxes payable Bonds payable Common stock Retained earnings The company declared and paid cash dividends of $37,000 last vea Required: A. Prepare the operating activities section of the companys statement of cost nows for the year (Use the Indirect method.) 32.000 26,000 4,000) 7,000 (20,000) 30,000 40,000