Swasey Company provided the following partial comparative balance sheets and the income statement for 20X2.

Swasey Company

Partial Comparative Balance Sheets

At December 31, 20X1 and 20X2

1		20X1	20X2
2	Current Assets
3	Accounts receivable	745,000.00	677,000.00
4	Inventories	295,000.00	315,000.00
5	Current liabilities
6	Wages payable	705,000.00	680,000.00

Swasey Company

Income Statement

For the Year Ended December 31, 20X2

1	Revenues	3,120,000.00
2	Gain on sale of equipment	100,000.00
3	Cost of goods sold	(1,910,000.00)
4	Depreciation expense	(260,000.00)
5	Interest expense	(20,000.00)
6	Net income	$1,030,000.00

	Required:
	Compute operating cash flows using the indirect method.