Scheeler Company has the following comparative partial balance sheet data available: 12/31/2020 12/31/2019 Cash $30,000 $80,000 Accounts Receivable, net 160,000 100,000 Inventory 100,000 70,000 Prepaid Rent 20,000 10,000 Total Current Assets $310,000 $260,000 Accounts Payable $50,000 $40,000 Salaries Payable 40,000 40,000 Total Current Liabilities $90,000 $80,000 Additional information: 1. The company reports net income of $100,000 and depreciation expense of $20,000 for the year ending December 31, 2020. 2. Equipment with a cost of $20,000 and accumulated depreciation of $10,000 was sold for $3,000. Use the following rules for adjusting amounts for current assets other than cash and current liabilities: For an increase in a noncash current asset (from the beginning of the period to the end per the comparative balance sheets) decrease cash (subtraction from net income) For a decrease in a noncash current asset increases cash (addition from net income) For a decrease in a current liability decreases cash For an increase in a current liability increases cash REQUIRED: Using the indirect method, prepare the Operating activities only for the statement of cash flows for the year ending December 31, 2020.