S17-7 Prepare the operating section of Preston Media Corporation's 2020 cash flow statement using the indirect method. Use the comparative balance sheet provided and the following selected fiscal 2020 income statement information: Net income, $19,000 Amortization expense, $11,000 2019 33.900 5.100 34,250 18150 575000 PRESTON MEDIA CORPORATION Balance Sheet March 31, 2020 and 2019 Assets 2020 Current assets Cash 55.000 Accounts receivable 5,600 Company vehicle 105350 Les Accumulated amortization company vehicle 20 350 Total assets tiabilities Current liabilities Accounts payable SED Long term babilities Motus payable 9.000 Total abilities 17 000 Shareholders' Equity Common shares 27.000 Retained earnings 46.600 Total shareholde equity 3.600 Tocals and shareholders' equity 590.000 5500 17.000 16.500 2.000 35,500 500 575.000 3 Preparing the operating section of the cash flow statement-indirect method Net cash inflow, $29,000