The March accounting records of Watt's Electrical Supply, Inc., include these accounts:

Requirement
Compute Watt’s Electrical Supply, Inc.’s net cash provided by operating activities during March. Use the indirect method?

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Accounts Reccivable Cash 11,000 Payments 451,000 7,000 Mar 1 Receipts Mar 31 19,000 Collections 441,000 9,000 455,000 Mar 1 Sales Mar 31 451,000 Accounte Payable Inventory 27,000 Cost of goods sold 311,000 316,000 32,000 16,000 316,000 20,000 Mar 1 Purchases Mar 31 Payments 312,000 Mar 1 Purchases Mar 31 Accumulated Depreciation Retained Earnings 53,000 Depreciation expense 3,000 56,000 Mar 1 Dividends 22,000 Mar 1 Net income 82,000 61,000 121,000 | Mar 31 Mar 31