The income statement for ABC company follows:

ABC Company

Income Statement

For the Year Ended December $31,$ Year $2$

Additional information:

Inventory decreased $$300,000$ during the year.

Accounts receivable decreased $$310,000$ during the year.

Prepaid expenses increased $$170,000$ during the year.

Accounts payable to suppliers of merchandise decreased $$275,000$ during the year.

Accrued expenses payable decreased $$120,000$ during the year.

Administrative expenses include depreciation expense of $$60,000$

Required:

Prepare the operating activities section of the statement of cash flows for the year ended December $31,$

Year $2$ for the ABC Company, using the indirect method.