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The net income reported on the income statement for the current year was $190,000. Depreciation...

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Accounting

The net income reported on the income statement for the current year was $190,000. Depreciation recorded on fixed assets and amortization of patents for the year were $50,000 and $4,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:

End

Beginning

Cash

$ 51,000

$ 63,000

Accounts receivable

117,000

111,000

Inventories

108,000

99,000

Prepaid expenses

2,200

4,100

Accounts payable (merchandise creditors)

68,000

76,000

What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?

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