Operating Activities Section-Indirect Method The following account balances for the noncash current assets and current liabilities of Suffolk Company are available: December 31 2017 2016 Accounts receivable $42,970 $34,570 Inventory 29,660 39,830 Prepaid rent 17,000 15,080 Totals $89,630 $89,480 Accounts payable $25,650 $19,190 Income taxes payable 5,510 10,240 Interest payable 14,750 12,110 Totals $45,910 $41,540 Net Income for 2017 is $35,980. Depreciation expense is $18,420. Assume that all sales and all purchases are on account. Required: 1. Prepare the Operating Activities section of the statement of cash flows using the Indirect method. Use the minus sign to indica decreases in cash. Suffolk Company Partial Statement of Cash Flows For the Year Ended December 31, 2017 Cash Provided by Operating Activities Adjustments to reconcile net income to net cash provided by operating activities