Vaughn Corporation had the following 2020 income statement.

Sales revenue $187,000

Cost of goods sold 124,000

Gross profit 63,000

Operating expenses (includes depreciation of $19,000) 45,000

Net income $18,000

The following accounts increased during 2020: Accounts Receivable $12,000, Inventory $9,000, Accounts Payable $14,000. Prepare the cash flows from operating activities section of Vaughns 2020 statement of cash flows using the indirect method.

Vaughn Corporation Statement of Cash Flows-Indirect Method (Partial) For the Year Ended December 31, 2020 Cash at Beginning of Period 18000 Net Income Adjustments to reconcile net income to X Net Cash Used by Operating Activities X Decrease in Accounts Receivable Decrease in Inventory X Cash Payment to Suppliers Increase in Accounts Payable 14000 x Net Cash Provided by Operating Activities