Michaels Industries reported net income of $10,000 and paid cash dividends of $2,000. Changes in balance sheet accounts for the year were as follows:

	Increase (Decrease)
Accounts receivable	($5,000)
Inventory	3,000
Property, plant and equipment	15,000
Accumulated depreciation	3,000
Accounts payable	6,000
Accrued liabilities	(2,000)

Based on the above information, what is the amount of net cash provided by operations?

$30,000

$1,000

$14,000

$19,000

Michaels Industries reported net income of $10,000 and paid cash dividends of $2,000. Changes in balance sheet accounts for the year were as follows:

	Increase (Decrease)
Accounts receivable	($5,000)
Inventory	3,000
Property, plant and equipment	15,000
Accumulated depreciation	3,000
Accounts payable	6,000
Accrued liabilities	(2,000)

Based on the above information, what is the amount of net cash provided by operations?

$30,000

$1,000

$14,000

$19,000

According to the 2011 edition of Accounting Trends and Techniques, approximately what percentage of companies use the indirect method to report cash flows provided by operating activities?

2%

33%

98%

67%