Selected Balance Sheet Information Dec. 31, 2019 Dec. 31, 2018 Cash $20,000 $17,500 Accounts receivable 10,500 8,000 Inventory 18,000 21,000 Accounts payable 15,000 10,000 Income taxes payable 1,000 2,500 Burch Company Income Statement For the year ended December 31, 2019 Sales $250,000 Cost of goods sold (160,000) Depreciation expense (15,000) Other expenses (35,000) Income tax expense (12,000) Net income $28,000 Required: Compute the net cash flows from operating activities using the indirect method. Check My Work 3 more Check My Work uses remaining