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The following data are summarized from the income statement of Core, Inc., for the year ended December 31, 2019. CORE, INC. Income Statement Year Ended

The following data are summarized from the income statement of Core, Inc., for the year ended December 31, 2019.

CORE, INC. Income Statement Year Ended December 31, 2019
Sales 700,000
Cost of Goods Sold 330,000
Gross Profit on Sales 370,000
Operating Expenses
Depreciation 20,500
Other Selling Expenses 160,000
Other Administrative Expenses 92,500 273,000
Net Income from Operations 97,000
Bond Interest Expense
Cash Interest 20,000
Amortization of Discount on Bonds Payable 3,000 23,000
Net Income for Year 74,000

Using these data and ignoring changes in current assets, current liabilities, and income taxes, prepare a schedule of cash flows from operating activities for the year.

Statement of Cash Flows
Year Ended December 31, 2019
Cash flows from operating activities
Adjustments to reconcile net income to cash used in operating activities:
Total adjustments $0

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