Use the indirect method to prepare the cash provided or used from operating activities section only of the statement of cash flows for this company.

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CRUZ, INC. Comparative Balance Sheets December 31,2015 2015 2014 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity $94,800 24,000 41,000 5,000 5800 95,800 5.400 4,200 227,000 75,000 109,000 119,000 (17,000)(9.000) $319,000 $285,000 4,2ου $15,000 21,000 5,000 9,000 1、400 25,400 28,600 29,000 69,000 54,400 97,600 229,000 179,000 8,400 $319,000 $285,000 35,600 CRUZ, ING Income Statement For Year Ended December 31,2015 Sales Cost of goods sold Gross profit Operating expenses $488,000 314,000 174,000 Depreciation expense $37,600 Other expenses Income before taxes Income taxes expense Net income 89,100 26,700 47,300 17,300 $30,000