$1.$ Using the excel file tab $1,$ complete a Statement of Cash Flows for the Operating Cash Flows section

Net Income for $20$X$2$: $$100,000$

Depreciation Expense for $20$X$2$: $$5,000$

Assets $20$X$120$X$2$

Marketable Securities $$24,000$ $$30,000$

Accounts Receivable $$25,000$ $$26,000$

Inventory $$15,000$ $$18,000$

Prepaid Expenses $$18,000$ $$25,000$

Liabilities

Accounts Payable $$14,000$ $$13,000$

Accrued Expenses $$9,000$ $$15,000$