he following information was taken from the financial statements of Health and Racquet Company as of December 31, 20-B and 20-A.

Net income $227,000

Balance sheet data: 20-B 20-A

Accounts receivable $33,000 $28,000

Accounts payable 13,700 6,500

Required:

Compute cash flows from operating activities for 20-B. Use a minus to indicate any decreases in cash or cash outflows.

Health and Racquet Company

Statement of Cash Flows (Partial)

For the Year Ended December 31, 20-B and 20-A

Net income

$

227,000

Adjustments for changes in current assets and liabilities related to operating activities:

Increase in accounts receivable

Increase in accounts payable

Net cash provided by operating activities