Use the information above to calculate cash flows from operating activities using the indirect method (Amounts to be deducted should be indicated by a minus sign. Cash flows from operating activities: Net income Adjustments to reconcile net income to operating cash flow 0 0 A 2018 JOLLY COMPANY Selected Balance Sheet Information December 31, 2019 and 2018 2019 Current assets Cash $ 89,650 Accounts receivable 30,000 Inventory 65,000 Current liabilities Accounts payable 40,400 Income taxes payable 2,550 $ 31,800 42,000 55,100 30,700 3,200 $ 534,000 351,600 182,400 JOLLY COMPANY Income Statement For Year Ended December 31, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ 46,000 Other expenses 127,000 Income before taxes Income taxes expense Net income 173,000 9,400 5,900 3,500 $ Use the information above to calculate cash flows from operating activities using the indirect method i (Amounts to be deducted should be indicated by a minus sign