The following is a partial list of accounts and balances for the Ferguson Corporation. Prepare the operating activities section of the statement of cash flows for 2013 using the indirect method. 
Additional information:
Net income for 2013 was $73,800; depreciation expense was $53,400; equipment with a book value of $40,000 was sold for $36,000 cash.
Definitions:
Turbulence
A state of confusion, disorder, or unrest often used metaphorically to describe instability in organizational or environmental contexts.
Transformational Leadership
Leadership approach that causes change in individuals and social systems, enhancing motivation, morale, and performance.
Inspirational Promotion
Marketing efforts designed to motivate or inspire the target audience towards a desired action by appealing to emotions or ideals.
Fundamental Aspirations
The basic goals, desires, or ambitions that drive an individual's or organization's actions and decisions.
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