P4. The income statement and selected balance sheet information for Acme Corp. for the year ended December 31, 2011 is presented below.Income StatementSales Revenue $300,000Expenses: Cost of Goods Sold 180,000 Dep. Exp 20,000 Salaries Expense 30,000 Rent Expense 12,000 Insurance Expense 12,000 Interest Expense 11,000 Utilities Expense 10,000Net Income 25,000Selected Balance Sheet Accounts 2010 2011Accounts receivable 15,000 10,000Merchandise Inventory 20,000 22,000Prepaid Rent 1,000 0Accounts Payable 11,000 14,000Salaries Payable 2,000 3,000Prepare the cash flows from operating activities section of the 2011 statement of cash flows using the indirect method.P4. The income statement and selected balance sheet information for Acme Corp. for the year ended December 31, 2011 is presented below.Income StatementSales Revenue $300,000Expenses: Cost of Goods Sold 180,000 Dep. Exp 20,000 Salaries Expense 30,000 Rent Expense 12,000 Insurance Expense 12,000 Interest Expense 11,000 Utilities Expense 10,000Net Income 25,000Selected Balance Sheet Accounts 2010 2011Accounts receivable 15,000 10,000Merchandise Inventory 20,000 22,000Prepaid Rent 1,000 0Accounts Payable 11,000 14,000Salaries Payable 2,000 3,000Prepare the cash flows from operating activities section of the 2011 statement of cash flows using the indirect method.