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Alfonza Incorporated presents its statement of cash flows using the indirect method. The...

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Accounting

Alfonza Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the companys Year 2 and Year 1 year-end balance sheets:
Account Title Year 2 Year 1
Accounts receivable $ 15,100 $ 17,800
Accounts payable 8,3509,650
The Year 2 income statement showed net income of $26,700.
Required
a. Prepare the operating activities section of the statement of cash flows.
Note: Amounts to be deducted should be indicated with a minus sign.

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