Partial balance sheets and additional information are listed below for Sowell Company. Sowell Company Partial Balance Sheets as of December 31 2018 2017 Assets Cash $ 45,000 $ 24,500 Accounts receivable 74,500 90,000 Inventory 45,000 39,500 Liabilities Accounts payable $ 58,500 $ 67,000 Additional information for 2018: Net income was $93,000. Depreciation expense was $21,500. Required: Prepare the operating activities section of the statement of cash flows for 2018 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

What should I write Before Net Cash flows from Operating activities???

Cash Flows from Operating Activities Net income Adjustment for noncash effects Depreciation expense Changes in operating assets and liabilities Decrease in accounts receivable Increase in inventory Decrease in accounts payable $ 93,000 21,500 15,500 5,500 (8,500) Net cash flows from operating activities $ 127,000