The current assets and liabilities of the Lionel Corporation on December 31,2016 and 2015,are listed below.Lionel's net income for 2016 was $75,000.Included in its expenses was depreciation of $17,000.Prepare a schedule of cash flows from operating activities for 2016.

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The Answer of The current assets and liabilities of the Lionel Corporation on December 31,2016 and 2015,are listed below.Lionel's net income for 2016 was $75,000.Included in its expenses was depreciation of $17,000.Prepare a schedule of cash flows from operating activities for 2016.

The Current Assets and Liabilities of the Lionel Corporation on December