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Chew Corporation prepares its statement of cash flows using the indirect method of reporting operating activities. Net income for the 2024 fiscal year was $1,262,000.

Chew Corporation prepares its statement of cash flows using the indirect method of reporting operating activities. Net income for the 2024 fiscal year was $1,262,000. Depreciation expense of $152,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash:

Increase in accounts receivable $ 164,000
Decrease in inventory 120,000
Decrease in prepaid expenses 74,000
Decrease in salaries payable 42,000
Increase in income taxes payable 56,000

Required:

Prepare cash flows from operating activities for 2024.

Note: Amounts to be deducted should be indicated with a minus sign.

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