J. OBrien Real Estate reported net income of $108,000. Depreciation is $16,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method.

		End of Year	Beginning of Year	Difference
Cash		$22,000	$15,000
Accounts receivable		17,400	26,000
Inventories		72,000	76,300
Prepaid expenses		19,500	15,000
Accounts payable		18,000	14,100
Income taxes payable		900	2,200
	Net cash flow from operating activities Net Income
	Depreciation
	Accounts receivable
	Inventory Prepaid expenses
	Accounts payable decrease
	Income taxes payable
	Net cash provided by operating activities