Current Attempt in Progress

Marin Company reported net income of $350,000 for the current year. Depreciation recorded on buildings and equipment amounted to $70,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

		End of Year		Beginning of Year
Cash		$24,000		$16,600
Accounts receivable		24,500		38,500
Inventory		50,000		69,500
Accounts payable		13,700		17,100

Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

MARIN COMPANY Partial Statement of Cash Flows
Select an item Depreciation ExpenseNet Income / (Loss)Decrease in Accounts PayableDecrease in InventoryIncrease in Accounts ReceivableNet Cash Used by Operating ActivitiesIncrease in InventoryDecrease in Accounts ReceivableNet Cash Provided by Operating ActivitiesIncrease in Accounts Payable		$Enter a dollar amount
Adjustments to reconcile net income to
Select an opening name for subsection Net Cash Used by Operating ActivitiesIncrease in Accounts ReceivableIncrease in Accounts PayableDecrease in Accounts ReceivableDecrease in InventoryDecrease in Accounts PayableNet Income / (Loss)Net Cash Provided by Operating ActivitiesIncrease in InventoryDepreciation Expense:
Select an item Net Income / (Loss)Decrease in Accounts ReceivableDecrease in Accounts PayableIncrease in Accounts ReceivableDepreciation ExpenseIncrease in Accounts PayableNet Cash Used by Operating ActivitiesIncrease in InventoryNet Cash Provided by Operating ActivitiesDecrease in Inventory		Enter a dollar amount
Select an item Increase in Accounts PayableDepreciation ExpenseIncrease in Accounts ReceivableDecrease in InventoryIncrease in InventoryDecrease in Accounts PayableNet Cash Provided by Operating ActivitiesDecrease in Accounts ReceivableNet Income / (Loss)Net Cash Used by Operating Activities		Enter a dollar amount
Select an item Net Cash Provided by Operating ActivitiesDecrease in Accounts ReceivableDecrease in Accounts PayableDecrease in InventoryDepreciation ExpenseNet Income / (Loss)Increase in InventoryIncrease in Accounts ReceivableNet Cash Used by Operating ActivitiesIncrease in Accounts Payable		Enter a dollar amount
Select an item Net Income / (Loss)Decrease in InventoryIncrease in Accounts ReceivableDepreciation ExpenseDecrease in Accounts PayableNet Cash Provided by Operating ActivitiesIncrease in InventoryIncrease in Accounts PayableNet Cash Used by Operating ActivitiesDecrease in Accounts Receivable		Enter a dollar amount
Select a closing section name Depreciation ExpenseIncrease in Accounts PayableIncrease in InventoryNet Cash Provided by Operating ActivitiesNet Cash Used by Operating ActivitiesIncrease in Accounts ReceivableNet Income / (Loss)Decrease in InventoryDecrease in Accounts PayableDecrease in Accounts Receivable		$Enter a total amount for this section