Presented below is the latest income statement of 4XU Corp:

Sales$ 1,900,000

Cost of goods sold1,125,000

Gross profit$ 775,000

Operating expenses425,000

Income before income taxes350,000

Income taxes140,000

Net income$ 210,000

In addition, the following information related to net changes in working capital is available:

DebitCredit

Cash$ 60,000

Accounts receivable (net)40,000

Inventories$ 77,000

Prepaid expenses20,000

Salaries payable (operating expenses)30,000

Accounts payable45,000

Income tax payable15,000

4XU Corp. also reports that depreciation expense for the year was $68,500 and that the deferred tax liability account increased $ 13,000.

Required

Prepare a schedule calculating the net cash flow from operating activities that would be shown on a statement of cash flows using the indirect method.