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The current sections of Sanford Inc.s balance sheets at December 31, 2013 and 2014, are presented here. Sanfords net income for 2014 was $378,828. Depreciation

The current sections of Sanford Inc.s balance sheets at December 31, 2013 and 2014, are presented here. Sanfords net income for 2014 was $378,828. Depreciation expense was $66,852.

2014 2013
Current assets
Cash $259,980 $245,124
Accounts receivable 198,080 220,364
Inventory 415,968 425,872
Prepaid expenses 66,852 54,472
Total current assets $940,880 $945,832
Current liabilities
Accrued expenses payable $37,140 $12,380
Accounts payable 210,460 227,792
Total current liabilities $247,600 $240,172

Prepare the net cash provided by operating activities section of the companys statement of cash flows for the year ended December 31, 2014, 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).)

SANFORD INC. Partial Statement of Cash Flows For the Year Ended December 31, 2014
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Increase in Accounts ReceivableIncrease in Accounts PayableIncrease in Accrued Expenses PayableDecrease in InventoryIncrease in InventoryNet IncomeIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesDecrease in Accrued Expenses PayableDecrease in Accounts ReceivableDepreciation ExpenseDecrease in Accounts Payable $
Adjustments to reconcile net income to
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Decrease in Accounts ReceivableDecrease in InventoryIncrease in Accrued Expenses PayableDepreciation ExpenseDecrease in Prepaid ExpensesDecrease in Accounts PayableIncrease in InventoryDecrease in Accrued Expenses PayableIncrease in Accounts ReceivableIncrease in Prepaid ExpensesIncrease in Accounts PayableNet Income $
Increase in Prepaid ExpensesIncrease in Accounts ReceivableIncrease in Accounts PayableIncrease in InventoryNet IncomeDepreciation ExpenseDecrease in Prepaid ExpensesIncrease in Accrued Expenses PayableDecrease in Accrued Expenses PayableDecrease in InventoryDecrease in Accounts PayableDecrease in Accounts Receivable
Decrease in Accounts PayableDecrease in InventoryIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesDepreciation ExpenseIncrease in InventoryIncrease in Accounts PayableDecrease in Accounts ReceivableNet IncomeIncrease in Accounts ReceivableIncrease in Accrued Expenses PayableDecrease in Accrued Expenses Payable
Decrease in Accounts ReceivableDecrease in Accounts PayableDepreciation ExpenseIncrease in Accounts PayableNet IncomeIncrease in InventoryDecrease in Accrued Expenses PayableIncrease in Accounts ReceivableIncrease in Prepaid ExpensesIncrease in Accrued Expenses PayableDecrease in InventoryDecrease in Prepaid Expenses
Increase in InventoryDecrease in Accrued Expenses PayableIncrease in Prepaid ExpensesIncrease in Accrued Expenses PayableDecrease in Prepaid ExpensesIncrease in Accounts PayableDecrease in Accounts ReceivableNet IncomeIncrease in Accounts ReceivableDecrease in Accounts PayableDecrease in InventoryDepreciation Expense
Decrease in Prepaid ExpensesIncrease in Accounts PayableIncrease in InventoryDecrease in InventoryDecrease in Accrued Expenses PayableDepreciation ExpenseNet IncomeDecrease in Accounts PayableDecrease in Accounts ReceivableIncrease in Accrued Expenses PayableIncrease in Accounts ReceivableIncrease in Prepaid Expenses
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash $

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