Cash ow from Operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Gain (on sale of land) Changes in current assets and current liabilities: Accounts receivable Inventory Prepaid insurance Accounts payable Interest payable Income tax payable Net cash provided by (used in) operating activities \"-69- $ $ $ $ $ $ 177,500 16,000 (6,500) 14,300 (6,500) 1,580 (54,500) 1,100 (2,300) $ 140,680