Use the following income statement and information about selected current assets and current liabilities to calculate the net cash provided or used by operating activities under the indirect method. Income Statement For Year Ended December 31, Year 2 Sales Cost of goods sold Gross profit Operating expenses Wages expense Depreciation expense Rent expense Interest expense Loss on sale of land Net income $ 26,100 8,100 8,300 3,000 $ 213,000 109,500 $ 103,500 45,500 $ 58,000 4,600 $ 53,400 Selected beginning and ending balances of current asset and current liability accounts, all of which relate to operating activities, follow. Accounts receivable Inventory Prepaid rent Accounts payable Wages payable Interest payable Balance December 31, December 31, Year 2 Year 1 $ 29,800 $ 25,100 24,500 21,100 770 510 29,300 27,100 12,600 10,100 520 360 Cash flows from operating activities Statement of Cash Flows (partial) Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash