Given the following selected data for Milton Corporation, using the indirect method to report cash flows from operating activities, determine the net increase (decrease) in cash for the year ended December 31, 2003.

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Net income Depreciation. Other operating expenses Cost of goods sold. Sales revenue Increase in accounts receivable (net) Decrease in accounts payable Decrease in inventory. Increase in prepaid assets Increase in wages payable Equipment purchased for cash. Increase in bonds payable Dividends declared and paid. Decrease in dividends payable. $ 95,000 25,000 140,000 240,000 500,000 10,000 5,000 3,000 7,000 15,000 40,000 100,000 40,000 2,000