Below are the current asset and current liability sections of Slinzer, Inc. for 2020 and 2019:

	2020		2019
Current Assets:
Cash	$ 10,000		$ 2,000
Accounts Receivable	16,000		20,000
Supplies	7,000		6,000
Current Liabilities:
Accounts Payable	5,600		4,500
Dividends Payable	1,000		2,500

Slinzer, Inc. reported net income of $25,000 for 2020, gain on the sale of equipment $3,200, and Depreciation Expense of $6,000.

Instructions

Prepare the Operating Activities section of the calendar year 2020 Statement of Cash Flows for Slinzer Inc. using the indirect method