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	$	42,000		$	21,800
Accounts receivable		71,800			87,000
Inventory		42,000			36,800
Liabilities
Accounts payable	$	55,800		$	64,000

Additional information for 2018: Net income was $90,000. Depreciation expense was $20,000. 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.)

Cash Flows from Operating Activities: Adjustment for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities