Question: Partial balance sheets and additional information are listed below for Sowell Company. Sowell Company Partial Balance Sheets as of December 31 Assets Cash Accounts

Partial balance sheets and additional information are listed below for Sowell Company. Sowell Company Partial Balance Sheets as of December 31 Assets Cash Accounts receivable Inventory Liabilities 2024 2023 $ 40,000 $ 20,000 70,000 40,000 85,000 35,000 Accounts payable Additional information for 2024: Net income was $88,000. $ 54,000 $62,000 Depreciation expense was $19,000. Required: Prepare the operating activities section of the statement of cash flows for 2024 using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign.

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