Use the following income statement and information about changes in noncash current assets and current liabilities to prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method.

Changes in current asset and current liability accounts for the year that relate to operations follow.
Accounts receivable . . . . . . . . . $45,300 increase
Merchandise inventory . . . . . . . 35,150 increase
Accounts payable . . . . . . . . . . $10,075 decrease
Salaries payable . . . . . . . . . . . . . . 4,750decrease

SEYMOUR COMPANY Income Statement For Year Ended December 31, 2009 Cost of goods sold Gross profit Operating expenses $2.175,000 1,065.750 1.109,250 . ._.. _. _ . . . $ $297,975 58,725 6,525 23,925 Utillties expense 439,350 669,900 8,700 $ 678,600 Net Income