Partial Balance Sheets and Additional Information Are Listed Below for Sowell

Partial balance sheets and additional information are listed below for Sowell Company.
Additional information for 2009:
Net income was $88,000.
Depreciation expense was $19,000.
Required:
Prepare the operating activities section of the statement of cash flows for 2009 using the indirect method.
Sowell Company
Partial Balance Sheets as of December 31
$\begin{array} { l r r } \text { Assets } & \mathbf { 2 0 0 9 } & \mathbf { 2 0 0 8 } \\ \text { Cash } & \$ 40,000 & \$ 20,000 \\ \text { Accounts receivable } & 70,000 & 85,000 \\ \text { Inventory } & 40,000 & 35,000 \\ \text { Liabilities } & & \\ \text { Accounts payable } & \$ 54,000 & \$ 62,000 \end{array}$