Lake Company's 2016 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2015 and 2016, follow.
LAKE COMPANY
Income Statement
For Year Ended December 31, 2016
Sales revenue . . . . . . . . . . . . . . . . . . $156,000
Expenses.............................................
Cost of goods sold . . . . . . . . . . . . . . . 72,000
Depreciation expense . . . . . . . . . . . . . 32,000
Salaries expense . . . . . . . . . . . . . . . . . 20,000
Rent expense . . . . . . . . . . . . . . . . . . . . 5,000
Insurance expense . . . . . . . . . . . . . . . . 2,600
Interest expense . . . . . . . . . . . . . . . . . 2,400
Utilities expense . . . . . . . . . . . . . . . . . 2,000
Net income . . . . . . . . . . . . . . . . . . . $ 20,000
LAKE COMPANY
Selected Balance Sheet Accounts
At December 31 ____________2016 _______________2015
Accounts receivable . . . . . . . . . $3,600 ................... $3,000
Inventory . . . . . . . . . . . . . . . . . . 860 ......................... 980
Accounts payable . . . . . . . . . . . 2,400 ...................... 2,600
Salaries payable . . . . . . . . . . . . . 900 ........................ 600
Utilities payable . . . . . . . . . . . . . 200 ........................... 0
Prepaid insurance . . . . . . . . . . . 140 .......................... 180
Prepaid rent . . . . . . . . . . . . . . . 100 .......................... 200
Required
Prepare the cash flows from operating activities section only of the company's 2016 statement of cash flows using the indirect method?