The current sections of Scoggin Inc.'s balance sheets at December 31, 2014 and 2015, are presented here. Scoggin's net income for 2015 was $153,000. Depreciation expense was $24,000.

Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2015, using the indirect method.

2015 2014 E13-5 Page 692 Indirect Current assets Scoggin Inc. Cash $105,000 99,000 110,000 89,000 Accounts receivable Partial Statement of Cash Flows 158,000 172,000 For the Year Ended December 31, 2015 Inventory 1 Prepaid expenses 27,000 22,000 2 Total current assets $400,000 $382,000 Current liabilities 4 Accrued expenses payable 15,000 5,000 5 Accounts payable 85,000 92,000 Total current liabilities $100,000 S97,000 10 10 12 12