Based on the Following Income Statement and Balance Sheet for Bankowski

Based on the following income statement and balance sheet for Bankowski Corporation, determine the cash flows from operating activities using the indirect method.
$\begin{array}{c} \text { Bankowski Corporation}\\ \text { Income Statement}\\ \text { For Year Ended December \( 31,20 \times 2 \)}\\\begin{array}{l|r|r}\hline \text { Sales } & & \$ 504,000 \\\hline \text { Cost of goods sold } & \$ 327,600 & \\\hline \text { Depreciation expense } & 33,000 & \\\hline \text { Other operating expenses } & \underline{125,500} & (486,100 \\\hline \text { Other gains (losses): } & & \\\hline \text { Gain on sale of equipment } & & 5,200 \\\hline \text { Income before taxes } & & \$ 23,100 \\\hline \text { Income tax expense } & & (4,800 \\\hline \text { Net income } & & \underline{\$ 18,300} \\\hline \end{array}\end{array}$