Chapter 17 Open-Ended Assignment Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. Baxa Company prepared its income statement for Year 2022 Sales Revenue 840,000 Salary Expense -620,000 Insurance Expense -21,000 Depreciation Expense -81,000 Gain on Sale of Equipment 12,000 Net Income 130,000 Other information: Accounts receivable went down during the year by $4,000. Salary payable went down during the year by $2,000. Prepaid Insurance went down during the year by $7,000. Required: Prepare the cash flows from operating activities for the statement of cash flows using the indirect method Your answers to this open-ended assignment should be placed in the space below this line. Baxa Company Operating Activities Section of Statement of Cash Flows Year Ended Dec. 31, 2021 Net Income 130,000