Horton Industries Reported Net Income of $150,000 for the Current

True/False

Horton Industries reported net income of $150,000 for the current year.The balances in its accounts receivable and allowance for bad debts accounts are shown below:
In addition,the company recorded $11,000 of bad debt expense and wrote off $5,500 of uncollectible accounts.There are no other relevant transactions or account balances.Prepare the operating section of the cash flow statement.