Moore Company's net income last year was $56,000 and cash dividends declared and paid to the company stockholders was $31,000. Changes in selected balance sheet accounts for the year appear below:
|
Increases
|
|
(Decreases)
|
| Debit balances: |
|
| Accounts receivable |
$ (8,000)
|
| Inventory |
(6,000)
|
| Prepaid expenses |
12,000
|
|
|
| Credit balances: |
|
| Accumulated Depreciation |
23,000
|
| Accounts payable |
(10,000)
|
| Accrued liabilities |
7,000
|
| Taxes payable |
5,000
|
| Bonds payable |
40,000
|
|
|
Based solely on this information, the net cash flows from operating activities under the indirect method on the statement of cash flows would be?