The current sections of Nasreen Inc.?s balance sheets at December 31, 2011 and 2012, are presented here. Nasreen?s net income for 2012 was $153,000. Depreciation expense was $24,000.

InstructionsPrepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2012, using the indirectmethod.

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2012 2011 Current assets S 99,000 $105.000 110,000 Cash Accounts receivable 89,000 Inventory Prepaid expenses 158.000 172.000 27.000 22.000 $400,000 Total current assets $382.000 Current liabilities $ 15.000 $ 5.000 Accrued expenses payable Accounts payable 85.000 92.000 $ 97.000 $100,000 Total current liabilities