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

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

Estrada Company

Partial Balance Sheets

as of December 31

Assets

2021

2020

Cash

$35,000

$27,000

Accounts receivable

68,000

82,000

Inventory

42,000

39,000

Liabilities

Accounts payable

$57,000

$63,000

Additional information for 2021:

Net income was $89,000.

Depreciation expense was $22,000.

Required:

Prepare the operating activities section of the statement of cash flows for 2021 using the indirect method.

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