The following information was taken from the records of Adams, Inc..

2016 2017

ASSETS:

Cash $ 25,000 $ 43,000

Accounts Receivable 120,500 115,000

Prepaid Rent 3,000 4,000

Accounts Payable 89,000 95,000

Utilities Payable 8,000 6,500

Income Statement

For the Year ended December 31, 2017

REvenue $ 160,000

Expenses:

Operating Expenses $ 123,000

Utilities Expenses 12,000

Rent Expense 16,000 (151,000

Net Income $ 9,000

REQUIRED: Prepare the Operating Activities section of the cash flow statement under the indirect method.