Rattigan plc's income statement contained the condensed information below.

Rattigan's statement of financial position contained the comparative data at December 31, shown below.
2017 2016
Accounts receivable.........£75,000........£60,000
Accounts payable..............41,000.........27,000
Income taxes payable.........13,000..........7,000
Accounts payable pertain to operating expenses.
Instructions
Prepare the operating activities section of the statement of cash flows using the indirect method.

RATTIGAN plc Income Statement For the Year Ended December 31, 2017 970,000 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income 624,000 55,000 25,000 704,000 266,000 40,000 226,000