Use the following information from Cersie Company to create the Cash Flow from Operations Section of the Cash Flow Statement using the indirect method. Note: You may not have sufficient information to prepare a complete cash flow statement but you do have enough to do just the Cash Flow from Operations section.

Cersei Company Income Statement For the Year Ended December 31, 2019
Net Sales Revenue			$325,000
Cost of Goods Sold			222,000
Gross Profit			$103,000
Operating Expenses:
Selling Expenses
	Commission Expense	$25,000
	Utilities Expense	5,000
Total Selling Expenses		$30,000
Administrative Expenses:
	Depreciation Expense - Machinery	5,000
	Salary Expense	2,000
Total Administrative Expenses		$ 7,000
Total Operating Expenses			$37,000
Operating Income			$ 66,000
Other Revenues and (Expenses):
	Interest Revenue	4,500
	Interest Expenses	( 1,500)
Total Other Revenue and (Expenses)			3,000
Net Income before Taxes			$ 69,000
Income Tax Expense			15,000
Net Income			$ 54,000

Cersei Company Comparative Balance Sheet December 31, 2019 and 2018
		2019	2018
		Assets
Current Assets:
	Cash	$95,000	$72,000
	Accounts Receivable	26,000	18,000
	Merchandise Inventory	74,000	81,000
Total Current Assets		195,000	171,000
Property, Plant & Equipment
	Land	150,000	150,000
	Machinery	250,000	250,000
	Accum. Deprec. - Machinery	(215,000)	(170,000)
Total Property, Plant & Equipment		185,000	230,000
Total Assets		380,000	401,000
		Liabilities
Current Liabilities
	Accounts Payable	31,000	44,000
	Salaries payable	42,000	38,000
Total Current Liabilities		73,000	82,000
Long - Term Liabilities
Bonds Payable		96,000	68,000
Total Liabilities		169,000	150,000
		Stockholder's Equity
Common Stock		138,000	158,000
Retained Earnings		73,000	93,000
Total Stockholder's Equity		211,000	251,000
Total Liabilities and Stockholders Equity		380,000	401,000