Question: Partial balance sheet data and additional information for Anderson Industries are given below: Anderson Industries Partial Balance Sheet December 31, 2018 and 2017 Assets

Partial balance sheet data and additional information for Anderson Industries are given

Partial balance sheet data and additional information for Anderson Industries are given below: Anderson Industries Partial Balance Sheet December 31, 2018 and 2017 Assets 2018 2017 Cash $70,000 $10,000 Accounts receivable 80,000 92,000 Inventory 65,000 43,000 Liabilities Accounts payable Additional Information: (a) Net income for 2018 was $50,000. $95,000 $75,000 (b) Depreciation expense for 2018 was $25,000. Prepare the operating activities section of the statement of cash flows, using the indirect method, for the year ending December 31, 2018.

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