Directions$-$ Prepare the operating activities section of the statement of cash flows using the indirect method.

The income statement of Zamora Inc. reported the following condensed unformation.

Zamora Inc.

Income Statement

For the Tear Ended Decemiber $31,2023$

Revenues

Operating expenses:

Income from operations

Ircome tax expense

Net ncome

$$560,000$

$400,000$

$160,000$

$47,000$

$$113,000$

Zamora's balance sheetconained these comparative data at December $31$

Zamofa has no depreciable assets Accounts payable pertan to operating expenses.

Prepare the operating activtises section of the statement of cash flows using the indrect meihod.