Question: Gutierrez Company reported net income of $196,300 for 2017. Gutierrez also reported depreciation expense of $47,800 and a loss of $5,000 on disposal of equipment. The comparative balance sheet shows an decrease in accounts receivable of $10,100 for the year, a $12,100 increase in accounts payable, and a $4,400 decrease in prepaid expenses.

Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)