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Sales Cost of Goods Sold Gross Profit Various operating expenses Depreciation expense Interest expense Net Income before tax Income Tax Net Income Sregor Company Income

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Sales Cost of Goods Sold Gross Profit Various operating expenses Depreciation expense Interest expense Net Income before tax Income Tax Net Income Sregor Company Income Statement $100,000 40,000 60,000 25,000 4,000 2,000 29,000 4,000 25,000 Accounts receivable decreased by $7,000 Inventory increased by $4,000 Prepaid Insurance increased by $3,000 Accounts Payable increased by $6,000 Interest Payable decreased by $1,000 Income Tax Payable decreased by $2,000 Dividends Payable increased by $3,000 Prepare the Cash Flow from Operations section of the Statement of Cash Flows

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