Plough Company reported net income of $180,000 for the current year. Depreciation recorded on buildings and equipment amounted to $80,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

		End of Year		Beginning of Year
Cash		$20,000		$15,000
Accounts receivable		24,000		32,000
Inventory		50,000		65,000
Prepaid expenses		9,500		5,000
Accounts payable		12,000		18,000
Income taxes payable		1,600		1,200

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