Using the Indirect Method, prepare a partial Statement of Cash Flows for XYZ Corp. Partial Balance Sheet and other financial statement information: December 31

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Using the Indirect Method, prepare a partial Statement of Cash Flows for XYZ Corp. Partial Balance Sheet and other financial statement information: December 31 2017 2016 Accounts Receivable 52,000 60,000 Inventory 57,000 47,000 Prepaid Rent 32,000 34,000 Totals $ 141,000 $ 141,000 Accounts Payable Income Taxes Payable 36,000 43,000 27,000 23,000 Interest Payable 29,000 32,000 Totals 92,000 98,000 Net Income for 2017 is $ 72,000 Depreciation Expense is $ 37,000 Assume that all purchases and sales were made on account.