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Rainbow Inc. reports net income of 223 dollars and Depreciation Expanse of 16 dollars for the year ending December 31, 2002. No long-term assets were

Rainbow Inc. reports net income of 223 dollars and Depreciation Expanse of 16 dollars for the year ending December 31, 2002. No long-term assets were sold or exchanged during 2002. Rainbow Inc. also has the following data available:

12/31/01 12/31/02

Current Assets:

Accounts Recievable: 90 151

Inventory: 54 88

12/31/01 12/31/02

Current Liabilities:

Accounts Payable: 42 51

Salaries Payable: 83 34

Using the indirect method, what is the net cash provided by operating activities for the year ending December 31, 2002?

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