Question 2

During 2020, Weiss Corporation had net income of $86,000. Depreciation expense for the year was $12,000. Accounts receivable decreased by $2,300, inventory increased by $11,500, prepaid expenses increased by $8,600, accounts payable decreased by $3,200, and accrued liabilities increased by $10,200. Use the indirect method to determine net cash flows from operating activities for 2020.