Calculating Net Cash Flow from Operating Activities (Indirect Method) Weber Company had a $21,000 net loss from operations for 2018. Depreciation expense for 2018 was $8,600 and a 2018 cash dividend of $6,000 was declared and paid. Balances of the current asset and current liability accounts at the beginning and end of 2018 follow. Did Weber Company's 2018 operating activities provide or use cash? Use the indirect method to determine your answer. Ending Beginning Cash $3,500 $7,000 Accounts Receivable 16,000 25,000 Inventory 50,000 53,000 Prepaid Expenses 6,000 9,000 Accounts Payable 12,000 Accrued Liabilities 5,000 8,000 7,600 Notes: Use a negative sign with your answer to show that an asset or liability decreased during the year. (For example, you would use a negative sign with your accounts receivable answer.) When the change in an operating asset is negative, subtracting that negative amount results in a positive adjustment. Net loss Add (deduct) items to convert net loss to cash basis Add back depreciation Subtract change in operating assets: Accounts receivable Inventory Prepaid expenses Add change in operating liabilities: Accounts payable Accrued liabilities Net cash provided by operating activities $ Weber Company's 2018 operating activities cash.