2 Connor Limited reported net earnings of $265,000 for the current year. Depreciation expense recorded on buildings and equipment amounted to $82,000 for the year. Balances of the current assets and current liabilities accounts at the beginning and end of the year are as follows: Cash Trade receivables Inventories Prepaid expenses Trade payables Income taxes payable Beginning of year End of year $15,000 $20,000 22,500 16,500 57,000 52,000 4,000 8,500 18,000 14,000 900 Required: Prepare the operating activities section of the cash flow statement using the indirect method. 1,200