Roney Company’s calendar-year 2005 income statement shows the following: Net Income, $364,000;

Depreciation Expense, $45,000; Amortization Expense, $8,200; Gain on Sale of Plant Assets, $7,000.

An examination of the company’s current assets and current liabilities reveals the following changes

(all from operating activities): Accounts Receivable decrease, $18,100; Merchandise Inventory de¬

crease, $52,000; Prepaid Expenses increase, $3,700; Accounts Payable decrease, $9,200; Other Payables increase, $ 1,400. Use the indirect method to compute cash flow from operating activities.