The following information is from the comparative balance sheets of Runnels Cosmetics Company at March 31, 2010 and 2009:

Net income for the year ended March 31, 2010, was $157,000. Depreciation expense of $54,000 was included in the operating expenses for the year.

Requirement
Use the indirect method to prepare the cash from operations section of the statement of cash flows for Runnels Cosmetics Company for the year ended March 31,2010.

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(in thousands) Current assets: At March 31 2010 2009 Cash Accounts receivable Inventory Prepaid rent $4,050$3,720 3,150 1,800 520 $9,550 $9,190 3,500 1,550 450 Total current assets Current liabilities: Accounts payable Salaries payable 3,000 $2,275 4,700 $6,900 $6,975 3,900 Total current liabilities