Compute net cash flow from operating activities under the indirect reporting format.
Edwards Company
Statement of Net Income
for the Year Ended December 31, 2019
Sales	$ 347,000
Depreciation Expense	(35,000)
Selling, General, and Administrative Expenses	(117,000)
Gain on Sale of Equipment	7,400
Other Expenses	(8,200)
Income before Taxes	194,200
Tax Expense	(58,260)
Net Income	$ 135,940
	December 31,
Select Balance Sheet Accounts	2018	2019
Cash	$ 40,000	$ 37,400
Investments (noncurrent)	25,000	35,800
Prepaid Rent	248,200	280,200
Accounts Payable	116,400	136,000
Income Taxes Payable	4,300	5,900
Long-Term Debt	189,600	176,300
Common Stock	248,900	305,600