Partial balance sheets and additional information are listed below for Sowell Company. Sowell Company Partial Balance Sheets as of December 31 Assets 2016 2015 $40,000.00 $20,000.00 70,000.00 85,000.00 40,000.00 35,000.00 Cash Accounts Receivable Inventory Liabilities Accounts payable $54,000.00 $62,000.00 Additional information for 2016; Net income was $88,000.00. Depreciation expense was $19,000.00. Required: Prepare the operating activities section of the statement of cash flows for 2016 using the indirect method: (show computations) Cash flows from operating activities: Net income Adjustment for noncash effects: Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Net cash flows from operating activities $109,000