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:
Executive Summary
A concise overview of a business plan or document highlighting the key points, intended for quick reading.
Apparel Company
A business involved in the design, manufacturing, and/or sale of clothing and fashion accessories.
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