Use the following income statement and information about changes in noncash current assets and current liabilities to prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method.

Changes in current asset and current liability accounts for the year that relate to operations follow.
Accounts receivable . . . . . . . . . . . $45,300 increase
Accounts payable . . . . . . . . . . . . . $10,075 decrease
Merchandise inventory . . . . . . . . . 35,150 increase
Salaries payable . . . . . . . . . . . . . . 4,750 decrease

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SEYMOUR COMPANY Income Statement For Year Ended December 31, 201I Sales Cost of goods sold Gross proft .. Operating expenses $2,175,000 1,065,750 1,109,250 Salaries expense . . . Depreciation expense Rent expense Amortization expenses Patents Utilities expense . $297,975 52,200 58,725 6,525 23,925 439,350 669,900 8,700 S678,600 Gain on sale of equipment.. Net income...