A company uses the indirect method for preparing the operating activities section of the statement of cash flows. For the year 20Y6, the company reported depreciation expense on equipment of $70,050, gain on sale of equipment of $2,850 and a Net Income of $247,950. Additionally select comparative balance sheet accounts for years 2046 and 2015 were as follows 2016 2045 Cash $63,000 $65,250 Accounts Receivable 98,100 103,800 Merchandise Inventories 188,850 172,650 Prepaid Insurance |8,700 9,600 Accounts Payable 192,100 96,300 Unearned Rent 12,450 12,000 Retained Earnings 84,000 73,350 Determine the Cash Flows provided or (used) by operating activities