Simply Charming Inc. had the following financial information for 2013. Prepare the operating section ONLY of the statement of cash flows using the indirect method.

Simply Charming Inc. Income Statement For Year Ended December 31, 2013
Revenue:
Sales Revenue		170,500
Expenses:
Depreciation Expense	14,050
Salaries Expense	60,000
Rent Expense	17,000
Utilities Expense	5,600
Loss on Sale of Furniture	2,700
Total Expenses		99,350
Net Income		71,150

Simply Charming Inc. Balance Sheet December 31, 2013
Assets:	2013	2012		Liabilities & Equity:	2013	2012
Cash	649,150	562,800		Accounts Payable	59,500	76,500
Accounts Receivable	80,000	100,000		Taxes Payable	4,650	4,050
Supplies	3,500	2,250		Total Current Liabilities	64,150	80,550
Inventory	170,000	195,000
Total Current Assets	902,650	860,050		Common Stock	350,000	350,000
				Paid in capital in excess of par value, common stock	430,000	430,000
Furniture	49,000	73,000		Total Paid in Capital	780,000	780,000
Less: Accum. Depreciation	(27,000)	(18,000)
Total Plant Assets	22,000	55,000		Retained Earnings	80,500	54,500
TOTAL ASSETS	924,650	915,050		TOTAL LIABILITIES AND EQUITY	924,650	915,050

Cash Flows from Operating Activities:
Adjustments to reconcile net income to net cash
Total Adjustment
Net Cash Provided by Operating ActivitiesNet Cash Used by Operating Activities