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

###### Question:

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 $50,000$ 29,000 Accounts receivable 79,000 95,000 Inventory 50,000 44,000 Liabilities Accounts payable $63,000$ 72,000    Additional information for 2018: Net income was $98,000. Depreciation expense was$24,000. 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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