The following information was taken from the books of Tapwater Company. Compute the amount of net cash provided by (used in) operating activities during 2013 using the indirect method.
............................................................ Dec. 31, 2013 .................... Dec. 31, 2012
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . $18,900 ............................. $16,750
Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,500 ............................... 14,000
Accumulated depreciation (no plant assets retired during year) . . . 29,000 ............... 22,000
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,500 .............................. 20,000
Other current liabilities . . . . . . . . . . . . . . . . . . . . . . . . 5,000 ................................. 3,000
Prepaid insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 950 ................................... 2,000
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35,500 ................................... -