The current sections of Marie Inc.s balance sheet at December 31, 2011 and 2012, are presented here.

Maries net income for 2012 was $200,000. Depreciation expense was $24,000.

2012 2011

Current assets

Cash $115,000 $99,000

Accounts receivable 105,000 89,000

Inventory 153,000 172,000

Prepaid expense 27,000 22,000

Total current assets 400,000 382,000

Current liabilities

Accrued expenses payable $15,000 $5,000

Accounts payable 85,000 92,000

Total current liabilities $100,000 $97,000

Instructions:

Prepare the net cash provided by operating activities section of the companys statement of cash flows for the year ended December 31, 2012, using the indirect method.