Problem 16-3B Calculating cash flows (indirect method) LO5,6 CHECK FIGURE: Cash inflow from operating activities $22,800 Burrow Mining Inc.'s comparative balance sheet information at December 31, 2017, and 2016, and its income statement for the year ended December 31, 2017, are as follows Burrow Mining Inc. Income Statement Year Ended December 31, 2017 Sales Cost of goods sold. Gross profit Operating expenses 77,920 Depreciation expense. Profit from Operations Loss on sale of equipment.. 504,000 336,000 168,000 24,080 102,000 66,000 2,240 6,720 70,480 10,000 60,480 Click here for a description of Table: Problem 16-3B, Income Statement