Statement of Cash flows: The comparative balance sheet for Mott Campany appears below: Mott Company: Dec 31, 2016 Dec 31 2015 Current Assets : Account receivable.............................................................. 7000 9000 Inventory............................................................................ 11,000 7000 Prepaid expenses............................................................... 3000 2000 Current Liabilities: Account payable............................................ $5000 $ 4000 Mott Company Income Statement For the Year Ended December 31, 2016 Sales( all on credit)........................................................... $280,000 Expenses and losses Cost of goods sold............................................ $184,000 Operating expenses, exculsive of depreciation ... 42,300 Depreciation expense........................... 1000 Interst expense ................................. 1,200 Loss on sale of land................... 2,500 Income taxes............................... 9000 Total expenses and loss..................................... $240,000 Net income............................................................... $40,000 Instructions: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect metod. (hint: for balance sheet items, you first need to compute the changes, either increase or decreases, in each account)