The following information is taken from French Corporation's financial statements: December 31 2018 2017 Cash $63,000 $ 27,000 Accounts receivable 102,000 80,000 Allowance for doubtful accounts (4,500) (3,100) Inventory 160,000 175,000 Prepaid expenses 7,500 6,800 Land 100,000 60,000 Buildings 294,000 244,000 Accumulated depreciation (32,000) (13,000) Patents 20,000 35,000 $710,000 $611,700 Accounts payable $ 90,000 $ 84,000 Accrued liabilities 54,000 63,000 Bonds payable 125,000 60,000 Common stock 100,000 100,000 Retained earningsappropriated 80,000 10,000 Retained earningsunappropriated 276,000 302,700 Treasury stock, at cost (15,000) (8,000) $710,000 $611,700 For 2018 Year Net income $78,300 Depreciation expense 19,000 Amortization of patents 5,000 Cash dividends declared and paid 35,00 Required: Prepare the Operating Activates section of the cash flow statement using the Indirect Method. Remember; only prepare the operating activities section.