Partial balance sheets and additional information are listed below for Sowell Company.  Sowell

Company Partial Balance Sheets as of December 31   2018   2017   Assets             Cash $ 49,000   $ 28,100   Accounts receivable   78,100     94,000   Inventory   49,000     43,100   Liabilities             Accounts payable $ 62,100   $ 71,000     

Additional information for 2018:

Net income was $97,000.

Depreciation expense was $23,500.

Required:

Prepare the operating activities section of the statement of cash flows for 2018 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

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