Partial balance sheets and additional information are listed below for Rickey Company Rickey Company Partial Balance Sheets as of December 31 Assets 2019 2018 Cash $20,000 $40,000 Accounts receivable 85,000 70,000 Inventory 35,000 40,000 Liabilities Accounts payable $62,000 $80,000 Additional information for 2019 Net income was $160,000 Depreciation expense was $20,000 Required Prepare the operating activities section of the statement of cash flows for 2019 using the indirect method

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Question: Partial balance sheets and additional information are listed below for Rickey Company. Rickey Company Partial Balance Sheets as of December 31 Assets 2019 2018 Cash

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

Rickey Company Partial Balance Sheets as of December 31
Assets	2019	2018
Cash	$20,000	$40,000
Accounts receivable	85,000	70,000
Inventory	35,000	40,000
Liabilities
Accounts payable	$62,000	$80,000

Additional information for 2019: Net income was $160,000. Depreciation expense was $20,000. Required: Prepare the operating activities section of the statement of cash flows for 2019 using the indirect method.

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