Problem 3: Prepare the statement of cash flows from operating activities using the indirect method. The company had the following information available: (11 points) Net Income Depreciation expense for the year was Increase in Accounts receivable Decrease in prepaid insurance Decrease in Inventory Increase in accounts payable Increase in taxes payable Decrease in interest payable Gain on equipment sold Issued bonds at 7% $225,000 $ 15,000 $ 5,000 $ 2,000 $ 18,000 $ 10,000 $ 12,000 $ 5,000 $322,000 $200,000