Using the information provided, prepare the operating activities section of the Statement of Cash Flows for Cleaver Corporation in good form. The table tools might be helpful but it is not necessary to use them.

Cleaver Corporation Comparative Balance Sheet December 31, 2018 and 2017 Increase (Decrease) 2018 2017 $ 163,000 $ 27,000 Assets Current Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets Plant Assets Accumulated Depreciation-Plant Assets Total Assets 9.000 $ 154,000 29.000 (2.000) 33,000 8,000 41,000 102.700 90.700 12,000 (17.700) (24.700) 7.000 $ 316,000 $ 137,000 $ 179,000 Liabilities $ Current Liabilities: Accounts Payable Accrued Liabilities Income Tax Payable Long-term Liabilities: Bonds Payable Total Liabilities 42,000 $ 12,000 14,000 29,000 $ 13,000 14.000 13,000 (1,000) 0 22,000 79,000 147,000 57,000 113,000 34.000 Stockholders' Equity Common Stock, no par 63,000 Retained Earnings 119.000 Treasury Stock (13,000) 169,000 Total Stockholders' Equity 316,000 $ Total Liabilities and Stockholders' Equity 27,000 36,000 3.000 116,000 (6.000) (7.000) 24.000 145.000 137,000 $ 179,000 Cleaver Corporation Income Statement Year Ended December 31, 2018 Net Sales Revenue 691,000 470,000 221,000 $ 50,000 5,000 3,000 Cost of Goods Sold Gross Profit Operating Expenses: Salaries and Wages Expense Depreciation Expense-Plant Assets Rent Expense Total Operating Expenses Operating Income Other Income and (Expenses): Loss on Disposal of Plant Assets Total Other Income and (Expenses) Net Income Before Income Taxes 58,000 163,000 (8,000) (8,000) 155,000 23,000 Income Tax Expense $ 132,000 Net Income