Income Statement Data Selected Year-End Balance Sheet Data Sales $ 76,000 Accounts receivable increase $ 5,000 Expenses: Inventory decrease 4,000 Cost of goods sold 36,000 Salaries payable increase 600 Salaries expense 11,000 Depreciation expense 6,000 Net income $ 23,000 Required: Prepare the operating activities section of the statement of cash flows using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign