During 2014, Cupello Corporation had a net income of $144,000. Included on its income statement were depreciation expense of $16,000 and amortization expense of $1,800. During the year, Accounts Receivable decreased by $8,200, Inventories increased by $5,400, Prepaid Expenses decreased by $1,000, Accounts Payable decreased by $14,000, and Accrued Liabilities decreased by $1,700.

Use the indirect method to determine net cash flows from operating activities. $