Blaylock Company provided the following partial comparative balance sheets and the income statement for 2016.

Blaylock Company
Income Statement
For the Year Ended December 31, 2016
Revenues ........................................$ 3,000,000
Gain on sale of equipment ........................100,000
Less: Cost of goods sold ......................(1,920,000)
Less: Depreciation expense .....................(270,000)
Less: Interest expense ..............................(10,000)
Net income ........................................$ 900,000
Required:
Compute operating cash flows using the indirect method.

Blaylock Company Comparative Balance Sheets At December 31, 2015 and 2016 2015 2016 Current assets: Accounts receivable Inventories Current liabilities: Wa payabl: 750,000 $582.500 300,000 320,000 00,000 515