Part 3. The Anna Company reported a net income of $66,000 for the year just ended. Relevant data for the company follows:

Account	Beginning of year	End of year
Accounts receivable (net)	$39,000	$43,000
Inventory	83,500	63,500
Prepaid expense	18,000	8,000
Accounts payable	49,000	39,000
Accrued liabilities	19,000	29,000
Dividends payable	38,000	40,000
Long term debt payable	145,000	256,000

Other items:

Depreciation for the year $36,000

Loss on the sale of equipment 3,000

Determine the net cash flows provided by (used in) operating activities for the Anna Company. Show how you converted net income to net cash flow from operations by including the first 2 columns of Exhibit 12.4 on page 624 of your textbook. You may want to use Excel to do the calculation. You can then cut and paste your results from Excel into this Word document.