During 20x1, Germaine Corporation had a net income of $41,000. Included on its income statement were depreciation expense of $2,300 and amortization expense of

$300. During the year, Accounts Receivable increased by $3,400, Inventories decreased by $1 ,900, Prepaid Expenses decreased by $200, Accounts Payable increased by $5,000, and Accrued Liabilities decreased by $450. Determine net cash flows from operating activities using the indirect method.