Partial balance sheets and additional information are listed below for Sowell Company Sowell Company Partial Balance Sheets as of December 31 2021 2020 Assets Cash $ 44,000 $ 23,600 Accounts receivable 73,600 89,000 Inventory 44,000 38,600 Liabilities Accounts payable $ 57,600 $ 66,000 Additional information for 2021 Net income was $92,000 Depreciation expense was $21,000 Required Prepare the operating activities section of the statement of cash flows for 2021 using the indirect method (Amounts to be deducted should be indicated with a minus sign )

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Question: Partial balance sheets and additional information are listed below for Sowell Company. Sowell Company Partial Balance Sheets as of December 31 2021 2020 Assets Cash

Partial balance sheets and additional information are listed below for Sowell Company.

Sowell Company
Partial Balance Sheets
as of December 31
	2021		2020
Assets
Cash	$	44,000		$	23,600
Accounts receivable		73,600			89,000
Inventory		44,000			38,600
Liabilities
Accounts payable	$	57,600		$	66,000

Additional information for 2021: Net income was $92,000. Depreciation expense was $21,000. Required: Prepare the operating activities section of the statement of cash flows for 2021 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

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