The income statement of Reagan Inc. for the year ended December 31, 2017, reported the following condensed information: 
Reagan has no depreciable assets. Accounts payable pertains to operating expenses.
Instructions
Prepare the operating activities section of the statement of cash flows using the direct method.
Definitions:
Capital Structure
The mixture of debt and equity financing a company uses to fund its operations and growth.
Expected EPS
Estimated Earnings Per Share, forecasting a company's profitability on a per share basis.
Share Price
The price of a single share of a company's stock.
Interest Rate
The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal, usually on an annual basis.
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