Using the data below, complete the Operating section of the Cash Flow Statement using the Indirect Method.

Note that no dividends were declared or poid this period.

Comparative Balance Sheet

Cash

Accounts Receivable

Inventory

Prepaid Expenses

Equipment

Acc. Depr $-$ Equipment

Total Assets

$\backslash$table$[[$Change$],[],[],[],[],[],[]]$

Category

Accounts Payable

Wages Payable

Income Taxes Payable

Long Term Notes Payable

Common Stock

Retained Earnings

Total Liabilities and Equity

$$37,150$

$$8,355$

$$4,115$

$$88,980$

$$245,375$

$$76,035$

$$463,080$

$\backslash$table$[[$$$22,940,,],[$$$11,550,,],[$$$5,050,,],[$$$47,600,,],[$$$143,990,,],[$$$178,166,,],[$$$404,186,,]]$

Income Statement

$\backslash$table$[[$Sales$,$$$645,750$