The net income reported on the income statement for the current year was $58,000. Depreciation recorded on fixed assets for the year was $24,000. In addition, equipment with an original cost of $130,000 and accumulated depreciation of $115,000 on the date of the sale, was sold for $20,000. Balances of the current asset and current liability accounts at the end and beginning of the year are listed below. Prepare the cash flows from operating activities section of a statement of cash flows using the indirect method. 
Definitions:
Replication Studies
Research efforts designed to repeat the methodology of a previous study to see if similar results can be produced.
Correlation
A statistical measure that expresses the extent to which two variables fluctuate together, indicating the strength and direction of their relationship.
Reliable
Capable of being trusted or depended upon; consistent in performance or outcome.
Correlation Coefficient
A numerical indicator showing the degree to which multiple variables co-vary.
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