Use the information provided, prepare the Operating activities section of the statement of cash flows using the indirect method.

Cash	45,000 increase			Accounts Payable	79,000 decrease
Accounts Receivable	23,000 decrease			Unearned Revenue	9,000 increase
Inventory	75,000 increase			Long Term Notes Payable	30,000 increase
Office Supplies	1,100 decrease
Depreciation Expense	10,500			Gain on Sale of Trucks	2,000
Net Income	63,000

Cash Flows from Operating Activities:
Adjustments to reconcile net income to net cash
Total Adjustment
Net Cash Provided by Operating ActivitiesNet Cash Used by Operating Activities