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Skysong, Inc. reported net income of $194,500 for 2019. Skysong also reported depreciation expense of $47,500 and a loss of $6,200 on the disposal of

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Skysong, Inc. reported net income of $194,500 for 2019. Skysong also reported depreciation expense of $47,500 and a loss of $6,200 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $18,200 for the year, a $20,200 increase in accounts payable, and a $5,000 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2019. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Skysong, Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to

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