An Annapolis Company reported net income of $365,000 for the current year. Depreciation recorded on buildings and equipment amounted to $73,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method

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End of Year Beginning of Year Cash $22,000 17000 55,000 7,500 11,000 $15,000 32,000 65,000 5,000 18,000 1,200 Accounts receivable Inventory Prepaid insurance Accounts payable Income taxes payable 600