Perkins Co.'s current asset and liability balances for the past two years are as follows. Net income for 2016 was $1,252,000, and depreciation expense was $60,000.
________________________________________December 31, 2016_____December 31, 2015
Accounts Receivable...............................................$480,000....................$380,000
Inventories............................................................670,000......................760,000
Accounts Payable....................................................387,000.....................326,000
Accrued Liabilities....................................................90,000.....................110,000
Required
Using the indirect method, prepare the cash flows provided by operating activities section of the statement of cash flows for 2016.