Question: (7 points) Partial balance sheets and additional information are listed below for Hogwarts Company. Partial Balance Sheets As of December 31 Assets Cash 2020

(7 points) Partial balance sheets and additional information are listed below for Hogwarts Company. Partial Balance Sheets As of December 31 Assets Cash 2020 2019 $20,000 $30,000 Accounts receivable 64,000 83,000 Inventory Liabilities Accounts payable 50,000 32,000 $20,000 $18,000 Additional information for 2020: . Net income was $70,000. Depreciation expense was $21.400. . COGS was $45,000. Stock-based compensation was $10,200. Required: Prepare the operating activities section of the statement of cash flows for 2016 using the indirect method.

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