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The current sections of Lily Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Lily's net income for 2020 was $211,000. Depreciation

The current sections of Lily Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Lily's net income for 2020 was $211,000. Depreciation expense was $41,000.

2020

2019

Current assets

Cash

$123,000 $107,000

Accounts receivable

121,000 97,000

Inventory

162,000 188,000

Prepaid expense

43,000 29,000

Total current assets

$449,000 $421,000

Current liabilities

Accrued expenses payable

$31,000 $13,000

Accounts payable

93,000 109,000

Total current liabilities

$124,000 $122,000

Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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