Problem 3 ( 15 Points) IDROPULLID The income statement of the Gypum Corporation for 2020 and selected balance sheet accounts are presented below. Income Statement Sales...... $ 980,000 Cost of goods sold.. 590.000 Gross profit..... 390,000 Operating expenses 270.000 Operating income.. 120,000 15.000 Gain on sale of land.. 135,000 Net income before interest and taxes. Interest expense.. Net income before taxes. Income taxes.......... Net income.. 5.000 130,000 20.000 $ 110.000 *Depreciation expense of $33,000 is included in the total operating expenses Selected Balance Sheet Accounts Ending Beginning Accounts receivable...... Inventory.. Pre-paid expenses.. Property, Plant & Eqpmt Acc. Depreciation $ 80,000 134,000 10,500 250,000 (90,000) $ 90,000 120,000 8,500 300,000 (100,000) Accounts payable......... Accrued expenses Bonds payable...... 60,000 2,000 0 50,000 6,000 400,000 Instructions: On the accounting paper provided, prepare a schedule of cash flows from operating activities under the indirect method (in good form)