Use the following income statement and balance sheet to determine the net cash provided by operating activities under the indirect method.

\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ Balance Sheets } \\ \hline At December 31 & Year 2 & Year 1 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline Cash & $64,300 & $56,900 \\ \hline Accounts receivable & 23,200 & 30,100 \\ \hline Inventory & 60,200 & 53,200 \\ \hline Equipment & 262,000 & 233,000 \\ \hline Accumulated depreciation - Equipment & (108,000) & (101,500) \\ \hline Total assets & $301,700 & $271,700 \\ \hline \multicolumn{3}{|l|}{ Liabilities } \\ \hline Accounts payable & $30,600 & $24,800 \\ \hline Income taxes payable & 2,700 & 3,400 \\ \hline Total liabilities & $33,300 & $28,200 \\ \hline \multicolumn{3}{|l|}{ Equity } \\ \hline Common stock & $117,000 & $117,000 \\ \hline Paid-in Capital in excess of par value & 19,100 & 19,100 \\ \hline Retained earnings & 132,300 & 107,400 \\ \hline Total equity & $268,400 & $243,500 \\ \hline Total liabilities and equity & $301,700 & $271,700 \\ \hline \end{tabular}