Q4. Aster Companys 2013 income statement and changes in selected balance sheet accounts are given below. Calculate the company's net cash provided or used by operating activities using the direct method.

Aster Company Income Statement For Year Ended December 31, 2013
Sales...................................................................		$248,000
Cost of goods sold...................................................................		116,000
Gross profit...................................................................		$132,000
Operating expenses:
Wages and salaries expense...................................................................	$44,000
Rent expense...................................................................	16,000
Depreciation expense...................................................................	30,000
Amortization expense...................................................................	12,000
Other expenses...................................................................	18,000	120,000
Income from operations...................................................................		$ 12,000
Gain on sale of equipment...................................................................		26,000
Income before taxes...................................................................		$ 38,000
Income tax expense...................................................................		13,300
Net Income...................................................................		$ 24,700

The company also experienced the following during 2013:

Increase in accounts receivable...................................................................	$ 4,000
Increase in accounts payable (all accounts
payable transactions are for inventory)...................................................................	16,000
Increase in income taxes payable...................................................................	300
Decrease in prepaid expenses...................................................................	10,000
Decrease in merchandise inventory...................................................................	14,000
Decrease in long-term notes payable...................................................................	20,000