Use the following selected date and additional information from the records of Hitchcock Corporation to answer the question that follows. Balance Sheet Data 2004 2003 Accounts Receivable $30,000 $40,000 Inventories 32,000 25,000 Prepaid Rent 11,000 15,000 Accounts payable 23,000 20,000 Salaries payable 19,000 15,000 Taxes payable 13,000 11,000 Income Statement Data 2004 Depreciation Expense 6,000 Net Income 40,000 Required: Prepare the Operating Activities section of the Statement of Cash Flows for the year ended 2004. Use the INDIRECT Method.