Sample Operating Activities problem: You do not need to use the form provided, but make sure to include all the line items in the operating activities section. 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 $40,000 $20,000 Accounts receivable 70,000 85,000 Inventory 40,000 35,000 Liabilities Accounts payable $54,000 $62,000 Additional information for 2016: Net income was $88,000. Depreciation expense was $19,000. Sample Operating Activities problem: You do not need to use the form provided, but make sure to include all the line items in the operating activities section. 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 $40,000 $20,000 Accounts receivable 70,000 85,000 Inventory 40,000 35,000 Liabilities Accounts payable $54,000 $62,000 Additional information for 2016: Net income was $88,000. Depreciation expense was $19,000