Partial balance sheets and additional information are listed below for Sowell Company. Sowell Company Partial Balance Sheets as of December 31

Assets 2016 2015

Cash $ 38,000 $ 18,200

Accounts receivable 68,200 83,000

Inventory 38,000 33,200

Liabilities

Accounts payable$ 52,200 $ 60,000

Additional information for 2016:

Net income was $86,000.

Depreciation expense was $25,000.

Required: Prepare the operating activities section of the statement of cash flows for 2016 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Cash Flows From Operating Activities:__________________

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Adjustments for Non Cash effects?_____________________

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Net Cash Flows From Operating Activities?_______________