The balance sheets for 2004 and 2003 for Columbia Sportswear are attached. In addition, Columbia reported the following information:

• 2004 net income was $138,624. Tax expense was $76,297.
• Sold property, plant and equipment for $40 cash and recognized a loss of $541.
• Sold held-to-maturity investments for cash at original cost (i.e., there was no gain or loss).
• Depreciation of plant, property and equipment totaled $18,544 in 2004. Amortization of intangible assets totaled $84.
• Assume all capital expenditures and purchases of other long-term assets were paid in cash.
• Other liabilities consist of various long-term operating liabilities.

Columbia Sportswear Company

Statement of Cash Flows

For the year ended December 31, 2004

Columbia Sportswear Company
Balance Sheet
December 31	2004	2003
Assets
Cash and cash equivalents	$130,023	$104,135
Accounts receivable, net	267,653	206,024
Inventories	165,426	126,808
Prepaid expenses and other current assets	32,726	22,813
Total current assets	595,828	459,780
Held to maturity investments	160,205	160,450
Property, plant and equipment, net	155,013	126,247
Goodwill and other intangibles	38,398	37,289
Total assets	$949,444	$783,766
Liabilities and Shareholders' Equity
Accounts payable	$ 78,309	$ 62,432
Accrued Liabilities	49,789	42,303
Income Taxes payable	11,819	8,069
Long-term debt	16,434	20,931
Other liabilities	12,843	9,202
Total liabilities	169,194	142,937
Common Stock & APIC	164,317	163,520
Retained Earnings	615,933	477,309
Total liabilities and shareholders' equity	$ 949,444	$ 783,766

What is the number of cash flows from Operating Activities using the Indirect Method?- _____________