Electronic Wonders reports net income of $95,000.The accounting records reveal Depreciation Expense of $50,000 as well as increases in Prepaid Rent,Accounts Payable,and Income Tax Payable of $40,000,$23,000,and $20,000,respectively.Prepare the operating activities section of Electronic Wonders' statement of cash flows using the indirect method.

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The Answer of Electronic Wonders reports net income of $95,000.The accounting records reveal Depreciation Expense of $50,000 as well as increases in Prepaid Rent,Accounts Payable,and Income Tax Payable of $40,000,$23,000,and $20,000,respectively.Prepare the operating activities section of Electronic Wonders' statement of cash flows using the indirect method.

Electronic Wonders Reports Net Income of $95,000