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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 $477,054. 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 $477,054. Depreciation expense was $84,186.

2014 2013
Current assets
Cash $327,390 $308,682
Accounts receivable 249,440 277,502
Inventory 523,824 536,296
Prepaid expenses 84,186 68,596
Total current assets $1,184,840 $1,191,076
Current liabilities
Accrued expenses payable $46,770 $15,590
Accounts payable 265,030 286,856
Total current liabilities $311,800 $302,446

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 Prepaid ExpensesDecrease in Accounts PayableDepreciation ExpenseDecrease in Prepaid ExpensesIncrease in Accounts PayableNet IncomeIncrease in Accrued Expenses PayableDecrease in Accrued Expenses PayableDecrease in InventoryDecrease in Accounts ReceivableIncrease in Inventory $
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
Net IncomeIncrease in InventoryDepreciation ExpenseIncrease in Prepaid ExpensesIncrease in Accrued Expenses PayableDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Accrued Expenses PayableIncrease in Accounts ReceivableDecrease in InventoryIncrease in Accounts PayableDecrease in Prepaid Expenses $
Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Prepaid ExpensesIncrease in InventoryIncrease in Prepaid ExpensesNet IncomeDepreciation ExpenseIncrease in Accounts ReceivableDecrease in InventoryDecrease in Accrued Expenses PayableIncrease in Accounts PayableIncrease in Accrued Expenses Payable
Increase in InventoryDecrease in Prepaid ExpensesIncrease in Accrued Expenses PayableIncrease in Accounts PayableDecrease in InventoryNet IncomeIncrease in Prepaid ExpensesDecrease in Accounts ReceivableDepreciation ExpenseDecrease in Accounts PayableDecrease in Accrued Expenses PayableIncrease in Accounts Receivable
Increase in Accounts PayableDecrease in InventoryIncrease in InventoryIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesDecrease in Accounts ReceivableDepreciation ExpenseIncrease in Accounts ReceivableDecrease in Accounts PayableIncrease in Accrued Expenses PayableNet IncomeDecrease in Accrued Expenses Payable
Decrease in Prepaid ExpensesDecrease in Accounts PayableIncrease in InventoryIncrease in Prepaid ExpensesIncrease in Accounts PayableIncrease in Accrued Expenses PayableDecrease in Accrued Expenses PayableDecrease in Accounts ReceivableNet IncomeDepreciation ExpenseIncrease in Accounts ReceivableDecrease in Inventory
Increase in Accrued Expenses PayableDepreciation ExpenseIncrease in Accounts PayableIncrease in Prepaid ExpensesDecrease in Accrued Expenses PayableDecrease in Accounts ReceivableIncrease in Accounts ReceivableDecrease in InventoryIncrease in InventoryNet IncomeDecrease in Prepaid ExpensesDecrease in Accounts Payable
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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