Refer to the partial financial statements below:

Swasey Company

Partial Comparative Balance Sheets

At December 31, 20X1 and 20X2

1		20X1	20X2
2	Current Assets
3	Accounts receivable	1,500,000.00	1,165,000.00
4	Inventories	600,000.00	640,000.00
5	Current liabilities
6	Wages payable	1,400,000.00	1,030,000.00

Swasey Company

Income Statement

For the Year Ended December 31, 20X2

1	Revenues	6,000,000.00
2	Gain on sale of equipment	200,000.00
3	Cost of goods sold	(3,840,000.00)
4	Depreciation expense	(540,000.00)
5	Interest expense	(20,000.00)
6	Net income	$1,800,000.00

	Required:
	Compute operating cash flows using the indirect method.