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Chapin Company reported net income of $410,000 for 2018. Balances of selected current asset and current liability accounts are as shown on the indicated dates:

Chapin Company reported net income of $410,000 for 2018. Balances of selected current asset and current liability accounts are as shown on the indicated dates:

Jan.1, 2018 Dec. 31, 2018
Accounts receivable $ 60,000 $ 69,400
Inventory $ 130,000 $ 141,000
Accounts payable $ 54,000 $ 48,000

Depreciation expense for 2018 amounted to $65,000. Using only the above information, compute Chapin's net cash flow from operating activities (indirect method) for 2018.

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