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The following income statement and additonal year-end information is provided. Accounts receivable $ 37,750 increase Accounts payable 19,875 increase Salaries payable $ 10,325 decrease Inventory

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The following income statement and additonal year-end information is provided. Accounts receivable \$ 37,750 increase Accounts payable 19,875 increase Salaries payable \$ 10,325 decrease Inventory 3,750 decrease Prepare the operating activives section of the statement of cash flows using the indirect method Note: Amounts to be deducted should be indiceted with a minus sign

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