Selected balance sheet information and the income statement for Pioneer Industries for the current year are presented below.

Selected Balance Sheet Accounts
	Prior Year			Current Year
Accounts Receivable	$	19,900		$	13,500
Inventories		27,000			29,700
Prepaid Rent		1,700			0
Accounts Payable		15,200			19,600
Salaries and Wages Payable		3,400			5,100

Income Statement
Sales Revenue	$	405,000
Expenses:
Cost of Goods Sold		236,000
Depreciation Expense		27,000
Salaries Expense		40,500
Rent Expense		16,200
Insurance Expense		16,200
Interest Expense		14,850
Utilities Expense		13,500
Net Income	$	40,750

Required:

Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Enter any deductions and cash outflows as a negative value.)

Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Enter any deductions and cash outflows as a negative value.) Pioneer Industries Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to net cash provided by operating activities: Changes in current assets and current liabilities