Question 2 The accounting records of Smith Company provided the data below. Net loss Depreciation expense Increase in salaries payable Decrease in discount on bonds Decrease in accounts receivable Profit on the sale of PPE Decrease in inventory Amortization of license Decrease in accounts payable $12,000 18,000 1,800 750 6,000 420 3,200 1,250 375 Required: Prepare the operating activities section of Smiths Statement of Cashflow using the indirect method