The income statement of Anne Droid Inc. reported the following condensed information.ANNE DROID INC.Income StatementFor the Year Ended December 31, 2012Sales revenue............. $545,000Operating expenses.............400,000Income from operations.........145,000Income tax expense............36,000Net income...............$109,000Anne Droid??s balance sheet contained these comparative data at December 31.

Anne Droid has no depreciable assets. Accounts payable pertain to operating expenses.InstructionsPrepare the operating activities section of the statement of cash flows using the indirectmethod.

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2011 S70,000 2012 $50,000 30,000 Accounts receivable Accounts payable Income taxes payable 51.000 4,000 10,000