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 Salaries Expense Rent Expense Utilities Expense Loss on Sale of Furniture Total Expenses 13,600 45,000 14,000 5,100 2,200 79,900 Net Income 90,600 Simply Charming the. Balance Sheet December 31, 2013 Assets: Cash Accounts Receivable Supplies Inventory Total Current Assets 2013 2012 652,800 566,900 75,000 95,000 3,000 1,750 170,000 195,000 900,800 858,650 Liabilities & Equity: Accounts Payable Taxes Payable Total Current Liabilities 2013 61,000 4,300 65,300 2012 74,500 3,900 78,400 Common Stock 350,000 350,000 Paid in capital in excess of par value, common stock 430,000 430,000 Total Paid in Capital 780,000 780,000 Furniture 49,000 74,000 Less: Accum. Depreciation (26,000) (18,000) Total Plant Assets 23,000 56,000 Retained Earnings 78,500 56,250 TOTAL ASSETS 923,800 914,650 TOTAL LIABILITIES AND EQUITY 923,800 914,650 Cash Flows from Operating Activities: Net Income Adjustments to reconcile net income to net cash Depreciation Expense Loss on Sale of Furniture Decrease in Accounts Receivable Decrease in Inventory Decrease in Accounts Payable Total Adjustment Net Cash Provided by Operating Activities