The condensed income statement for the year ended December 31, 2014, of Evan Corporation appears as follows:

Sales $6,200,000

Cost of Goods Sold $3,400,000

Operating expenses

(including depreciation of

$205,000) 1,650,000

Income Taxes 345,000 5,395,000

Net Income $ 805,000

Selected accounts from the companys balance sheets for 2014 and 2013 are as follows:

2014 2013

Accounts Receivable $ 980,000 $750,000

Inventory 315,000 420,000

Prepaid Expenses 87,000 75,000

Accounts Payable 320,000 250,000

Accrued Liabilities 15,000 40,000

Income Taxes Payable 62,000 30,000

Prepare a schedule of cash flows from operating activities using the indirect method.