Bramble Corp. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Bramble Corp. for 2019 and 2018 are provided below.

BALANCE SHEETS
						12/31/19					12/31/18
	Cash					$408000					$ 190000
	Accounts receivable					362000					217000
	Inventory					382000					482000
	Property, plant and equipment		$606000					$961000
	Less accumulated depreciation		(322000	)		284000		(303000	)		658000
						$1436000					$1547000
.
	Accounts payable					$ 176000					$ 95000
	Income taxes payable					351000					390000
	Bonds payable					361000					598000
	Common stock					214000					214000
	Retained earnings					334000					250000
						$1436000					$1547000

INCOME STATEMENT For the Year Ended December 31, 2019
	Sales revenue								$8410000
	Cost of sales								7151000
	Gross profit								1259000
	Selling expenses						$598000
	Administrative expenses						193000		791000
	Income from operations								468000
	Interest expense								70000
	Income before taxes								398000
	Income taxes								96000
	Net income								$ 302000

The following additional data were provided:

	1.	Dividends for the year 2019 were $194000.
	2.	During the year, equipment was sold for $242000. This equipment cost $354000 originally and had a book value of $284000 at the time of sale. The loss on sale was incorrectly charged to cost of sales.
	3.	All depreciation expense is in the selling expense category.

The net cash provided by operating activities is

$430000.

$302000.

$260000

$221000.