Gainesville Corporation's income statement revealed sales of $700,000; gross profit of $300,000; selling and administrative costs of $140,000; and income taxes of $45,000. The selling and administrative expenses included $10,000 for depreciation. The company's operating activities generated positive cash flow of $129,000. Use the "indirect" approach to demonstrate how this amount was calculated. The following additional information is available:
	Beginning-of-Period Balance		End-of-Period Balance
Account receivable	$70,000		$82,000
Inventory	50,000		41,000
Accounts payable	37,000		44,000