American eagle reported net income of $40,000, which included depreciation expense and depletion expense of $21,000 and $18,000, respectively. the following changes also occurred during 2017:
inventory
$10,000
decrease
accounts payable
5,000
decrease
notes payable (long-term)
15,000
decrease
income taxes payable
7,000
increase
accounts receivable
10,000
increase
required:
calculate cash flows from operating activities.