The current sections of Sanford Inc.’s balance sheets at December 31, 2013 and 2014, are presented here. Sanford’s net income for 2014 was $153,000. Depreciation expense was $27,000.

2014 2013 Current assets Cash $105,000 $ 99,000 Accounts receivable 80,000 89,000 Inventory 168,000 172,000 Prepaid expenses 27,000 22,000 Total current assets $380,000 $382,000 Current liabilities Accrued expenses payable $ 15,000 $ 5,000 Accounts payable 85,000 92,000 Total current liabilities $100,000 $ 97,000 Instructions Prepare the net cash provided by operating activities section of the company’s statement of cash flows for the year ended December 31, 2014, using the indirect method.

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