Use the information provided, prepare the Operating activities section of the statement of cash flows using the indirect method. $($Note: All items may not be used.$)$

$\backslash$table$[[$Partial Income Statement Info:,,,,,$],[$Net Income,$$,62,000,$Gain on Sale of Trucks,$$,2,500],[$Depreciation Expense,$$,11,000,,,],[,,,,,],[,,,,,],[$Partial Balance Sheet Info:,$$45,000$ increase,Accounts Payable,$$82,000$ decrease,,$],[$Cash$,$$$25,000$ decrease,Unearned Revenue,$$8,000$ increase,,$],[$Accounts Receivable,$$75,000$ increase,Long Term N$/$P$,$$$35,000$ increase,,$],[$Inventory$,$$$1,500$ decrease,,,,$],[$Office Supplies,,,,,$],[,,,,,]]$

Requirement: Complete the Operating Activities section of the Statement of Cash Flows using the Indirect Method.

$($Enter amounts subtracted or cash paid$/$used as negative amounts.$)$

$($Partial$)$ Statement of Cash Flows

For the Year Ended December $31$

Cash flows from operating:

Net Income

Adjustments to reconcile net income to net cash:

Depreciation expense

Gain on sale of trucks

Decrease in accounts receivable

Hint: Record

Increase in inventory

Decrease in office supplies

Decrease in accounts payable

Increase in unearned revenue

Total Adjustments

Net cash used by operating activities