Question: Partial balance sheets and additional information are listed below for Rickey Company. 2024 2023 Rickey Company Partial Balance Sheets as of December 31 Assets Cash

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

2024 2023
Rickey Company
Partial Balance Sheets
as of December 31
Assets
Cash $ 25,400 $ 46,000
Accounts receivable 91,000 75,400
Inventory 40,400 46,000
Liabilities
Accounts payable $ 67,400 $ 86,000

Additional information for 2024:

Net income was $166,000.

Depreciation expense was $23,000.

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

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