3.

The financial statements of Simon Co. include the following items (amounts in thousands):

Income Statement
For the Year Ended December 31, 2014
($000 omitted)
Net income		$	495
Depreciation and amortization expense			319

	At December 31
Balance Sheets	2014	2013
Accounts receivable	$	127	$	161
Inventory		158		117
Accounts payable		13		128
Income taxes payable		76		18

Required:

a.	Calculate the net cash flow provided by operations for Simon Co. for the year ended December 31, 2014.(Enter your answer in thousands. (i.e., 20,000 should be entered as 20)) Net cash provided by operating activities: $________________