Use the information provided, prepare the Operating activities section of the statement of cash flows using the indirect method. Cash Accounts Receivable Inventory Office Supplies 50,000 increase 26,000 decrease 75,000 increase 1,900 decrease Accounts Payable 80,000 decrease Unearned Revenue 9,000 increase Long Term Notes Payable 25,000 increase Gain on Sale of Trucks 1,500 Depreciation Expense Net Income 12,500 62,500 Cash Flows from Operating Activities: Net Income 62500 Adjustments to reconcile net income to net cash Depreciation Expense 12500 Gain on Sale of Trucks Decrease in Accounts Receivable Increase in Inventory Decrease in Office Supplies 1900 Decrease in Accounts Payable 9000 increase in unearned revenue Total Adjustment Net Cash Used by Operating Activities