A comparative balance sheet and income statement is shown for CRUZEE E-BIKES, Incorporated. CRUZEE E-BIKES, INCORPORATED Comparative Balance Sheets At December 31 2027 2026 Assets Cash $ 94,800 $ 24,000 Accounts receivable, net 41,000 51,000 Inventory 85,800 95,800 Prepaid expenses 5,400 4,200 Total current assets 227,000 175,000 Furniture 109,000 119,000 Accumulated depreciationFurniture (17,000) (9,000) Total assets $ 319,000 $ 285,000 Liabilities and Equity Accounts payable $ 15,000 $ 21,000 Wages payable 9,000 5,000 Income taxes payable 1,400 2,600 Total current liabilities 25,400 28,600 Notes payable (long-term) 29,000 69,000 Total liabilities 54,400 97,600 Equity Common Shares 229,000 179,000 Retained earnings 35,600 8,400 Total liabilities and equity $ 319,000 $ 285,000 CRUZEE E-BIKES, INCORPORATED Income Statement For Year Ended December 31, 2027 Sales $ 488,000 Cost of goods sold 314,000 Gross profit 174,000 Operating expenses (excluding depreciation) 89,100 Depreciation expense 37,600 Income before taxes 47,300 Income taxes expense 17,300 Net income $ 30,000 Required: Use the indirect method to prepare the operating activities section of the statement of cash flows for Cruzee E-Bikes. Note: Amounts to be deducted should be indicated with a minus sign