The Financial Information Below Presents Operating Revenue and Expenses for 2018

Essay

The financial information below presents operating revenue and expenses for 2018 as well as the starting and ending balances for relevant asset and liability accounts that changed during the year:
$\begin{array}{|r|r|r|r|}\hline \text { Sales revenue } & \$ 909,272 & \text { Depreciation expense } & \$ 3,206 \\\hline \text { Cost of goods sold } & 445,563 & \begin{array}{r}\text { Selling, general and administrative } \\\text { expenses }\end{array} & 91,316 \\\hline \text { Interest expense } & 12,407 & \text { Income tax expense } & 143,126 \\\hline \text { Accounts receivable 12/31/17 } & 65,305 & \text { Accounts receivable 12/31/18 } & 67,810 \\\hline \text { Accounts payable } 12 / 31 / 17 & 16,540 & \text { Accounts payable 12/31/19 } & 17,261 \\\hline \text { Prepaid expenses 12/31/17 } & 4,107 & \text { Prepaid expenses 12/31/1 } & 3,875 \\\hline \text { Inventory 12/31/17 } & 7,857 & \text { Inventory 12/31/1 } & 6,491 \\\hline\end{array}$

Prepare the Operating section of the Cash Flow Statement using the indirect approach.