For the just completed year, Strident Company had net income of $84,000. Balances in the company€™s current asset and current liability accounts at the beginning and end of the year were as follows:

The Accumulated Depreciation account had total credits of $50,000 during the year.

Required:
Using the indirect method, determine the net cash provided by operating activities for theyear.

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December 31 End of Year Beginning of Year Current assets $80,000 $190,000 $360,000 $14,000 $60,000 $12,000 Current liabilities $390,000 $12,000 $30,000 Accrued liabilities... . $8,000