The income statement for Weinberg Chemical Supply is as follows: 

Other information is as follows:

1. Accounts receivable decreased by $13,000 during the year. 

2. Accounts payable increased by $6,500. 

3. Wages payable had a balance of $0 at the beginning of the year; at the end of the year, the balance was $4,300. 

4. Prepaid insurance increased by $7,500 during the year. 

Required 

Prepare a schedule that shows the operating cash flows for the year, using the indirect method.

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Weinberg Chemical Supply Income Statement For the Year Ended December 31, 2021 Sales $1,025,000 Less: Cost of goods sold Depreciation expense Amortization of patent Wages expense Insurance expense (620,000) (65,000) (6,500) (61,000) (12,000) Income before taxes 260,500 Less income taxes (91,175) Net income $ 169,325