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The condensed income statement for the year ended December 31, 2015, of Evan Corporation appears as follows: Sales 6,200,000 Cost of Goods Sold 3,400,000 Operating

The condensed income statement for the year ended December 31, 2015, of Evan Corporation appears as follows:

Sales 6,200,000
Cost of Goods Sold 3,400,000
Operating Expenses (Including depreciation of 205,000) 1,650,000
Income Taxes 345,000 5,395,000
Net Income $805,000

Selected accounts from the companys balance sheets for 2015 and 2014 are as follows:

2015 2014

Accounts Receivable $ 980,000 $750,000

Inventory 315,000 420,000

Prepaid Expenses 87,000 75,000

Accounts Payable 320,000 250,000

Accrued Liabilities 15,000 40,000

Income Taxes Payable 62,000 30,000

Required:

Prepare a schedule of cash flows from operating activities using the indirect method.

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