Exercise $4-17($Algo$)$ Statement of cash flows; indirect method $[$LO$4-8]$

Cemptex Corporation prepares its statement of cash flows using the Indirect method to report operating activities. Net Income for the

$2024$ fiscal year was $$644,000.$ Depreclation and amortization expense of $$91,000$ was included with operating expenses in the

Income statement. The following Information describes the changes in current assets and liabilitles other than cash:

Requlred:

Prepare the operating activitles section of the $2024$ statement of cash flows.

Note: Amounts to be deducted should be Indlcated with a minus sign.