For the just completed year, Strident Company had net income of $48,000. Balances in the companys current asset and current liability accounts at the beginning and end of the year were as follows:

	December 31
	End of Year		Beginning of Year
Current assets:
Cash	$	58,000	$	75,000
Accounts receivable	$	154,000	$	190,000
Inventory	$	436,000	$	349,000
Prepaid expenses	$	12,500	$	14,500
Current liabilities:
Accounts payable	$	362,000	$	384,000
Accrued liabilities	$	9,000	$	12,500
Income taxes payable	$	33,000	$	27,000

The Accumulated Depreciation account had total credits of $60,000 during the year.

Required:

Using the indirect method, determine the net cash provided by operating activities for the year. (Amounts to be deducted should be indicated with a minus sign. Omit the "$" sign in your response.)

Strident Company Statement of Cash FlowsIndirect Method (partial)
Net income		$
Adjustments to convert net income to a cash basis:
(Click to select)Decrease in inventoryIncrease in income taxes payableDecrease in accounts receivableIncrease in accounts receivableIncrease in accrued liabilitiesIncrease in accounts payableDecrease in income taxes payableDecrease in accounts payableDecrease in accrued liabilitiesIncrease in inventoryDepreciationIncrease in prepaid expensesDecrease in prepaid expenses	$
(Click to select)Increase in accrued liabilitiesIncrease in income taxes payableDecrease in accrued liabilitiesDecrease in income taxes payableIncrease in inventoryIncrease in accounts receivableIncrease in prepaid expensesDecrease in prepaid expensesDecrease in accounts payableDecrease in inventoryIncrease in accounts payableDecrease in accounts receivableDepreciation
(Click to select)Increase in inventoryDecrease in inventoryIncrease in accounts payableIncrease in income taxes payableDecrease in income taxes payableDecrease in accounts receivableDecrease in accrued liabilitiesIncrease in accrued liabilitiesDepreciationDecrease in accounts payableDecrease in prepaid expensesIncrease in accounts receivableIncrease in prepaid expenses
(Click to select)Increase in accounts payableIncrease in inventoryDecrease in inventoryDecrease in accounts receivableIncrease in accrued liabilitiesDecrease in accrued liabilitiesIncrease in prepaid expensesDecrease in prepaid expensesDecrease in accounts payableDecrease in income taxes payableDepreciationIncrease in income taxes payableIncrease in accounts receivable
(Click to select)Increase in accounts payableIncrease in income taxes payableDepreciationDecrease in accrued liabilitiesIncrease in accrued liabilitiesDecrease in prepaid expensesDecrease in accounts receivableIncrease in inventoryDecrease in accounts payableIncrease in prepaid expensesIncrease in accounts receivableDecrease in income taxes payableDecrease in inventory
(Click to select)Increase in accounts payableIncrease in inventoryDecrease in inventoryIncrease in accrued liabilitiesDecrease in income taxes payableIncrease in prepaid expensesDecrease in prepaid expensesDecrease in accounts payableDepreciationDecrease in accrued liabilitiesDecrease in accounts receivableIncrease in accounts receivableIncrease in income taxes payable
Decrease in inventoryIncrease in inventoryIncrease in prepaid expensesDepreciationIncrease in accounts payableDecrease in accounts receivableDecrease in prepaid expensesDecrease in accounts payableDecrease in accrued liabilitiesIncrease in accounts receivableIncrease in accrued liabilitiesDecrease in income taxes payableIncrease in income taxes payable
Net cash provided by operating activities