Prepare the operating activities section of the statement of cash flows for 20

Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect method.

The current sections of Sanford Inc.%u2019s balance sheets at December 31 2013 and 2014 are presented here. Sanford%u2019s net income for 2014 was $153000.
Depreciation expense was $27000.

Prepare the operating activities section%u2014indirect method.

2014

2013

Current assets

Cash

$105000

$ 99000

Accounts receivable

80000

89000

Inventory

168000

172000

Prepaid expenses

27000

22000

Total current assets

$380000

$382000

Current liabilities

Accrued expenses payable

$ 15000

$%u2002%u20025000

Accounts payable

85000

92000

Total current liabilities

$100000

$ 97000