The following information comes from the balance sheets of Expert
The following information comes from the balance sheets of Expert Continuing Education, Inc., at June 30:


Net income for the year ended June 30, 2011, was $315,000. Included in the operating expenses for the year was depreciation expense of $134,000.

Requirement
Prepare the cash from operating activities section of Expert Continuing Education, Inc.’s statement of cash flows for the year ended June 30, 2011. Use the indirect method.
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