The Following Changes Were Noted from the Statement of Financial

The following changes were noted from the statement of financial position: trade receivables increased $8,000; inventory increased $4,000; trade payables increased $6,000; prepaid expense decreased $2,000; accrued liability decreased $5,000; and interest payable increased $1,000 ABC Corporation Income Statement For the Year Ended December 31, 20X7 $$\begin{array} { | l | r | r | } \hline \text { Net sales } & & \$ 100,000 \\\hline \text { Cost of goods sold } & & \$ ( 40,000 ) \\\hline \text { Gross profit on sales } & &\$60,000 \\\hline \text { Various operating expenses } & \$ 25,000 & \\\hline \text { Depreciation expense } &5,000 & \\\hline \text { Interest expense } & 2,000 \\\hline \text { Income tax expense } & \underline { 4,000 } & \$ ( 63,000 ) \\\hline \text { Net earnings } & & \$ 24,000 \\\hline\end{array}$$ Required: Prepare the operating activities section of the statement of cash flows using the indirect method.