The following income statement and selected balance sheet account data are available for Treece, Inc., at December 31, 2011:

TREECE, INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2011
Revenue:
Net sales				$	2,850,000
Dividend income					104,000
Interest income					70,000
Gain on sales of marketable securities					4,000
Total revenue and gains				$	3,028,000
Costs and expenses:
Cost of goods sold	$	1,550,000
Operating expenses		980,000
Interest expense		185,000
Income taxes		90,000
Total costs and expenses					2,805,000
Net income				$	223,000
		End of Year			Beginning of Year
Selected account balances:
Accounts receivable	$	650,000		$	720,000
Accrued interest receivable		9,000			6,000
Inventories		800,000			765,000
Short-term prepayments		20,000			15,000
Accounts payable (merchandise suppliers)		570,000			562,000
Accrued operating expenses payable		65,000			94,000
Accrued interest payable		21,000			12,000
Accrued income taxes payable		22,000			35,000

Additional Information

1.	Dividend revenue is recognized on the cash basis. All other income statement amounts are recognized on the accrual basis.
2.	Operating expenses include depreciation expense of $115,000.

Prepare a partial statement of cash flows for the current year, showing the computation of net cash flows from operating activities by the indirect method. (Input all amounts as positive values. Omit the "$" sign in your response.)