The current section of Bellinham Inc.'s balance sheet atDecember 31, 2007 and 2008 are presented here. Bellinham net income for 2008 was $153,000. Depreciation expense was $ 24, 000
2008 2007 Current Assets
Cash $105,000 $99,000
Accountsreceivable $110,000 $89,000
Inventory 158,000 172,000
PrepaidExpense 27,000 22,000
Totalcurrent Assets $400,000 $382,000
Current liabilities
Accrued expensepayable $15,000 $5,000
AccountsPayable 85,000 92,000
Totalcurrentliabilities $100,000 $97,000
Instructions
Prepare the net cash provided by operating activities section ofthe company's statement of cash flows for the year endedDecember 31, 2008 using the indirect method.