For the just completed year, Strident Company had net income of $84,000. Balances in the company€™s current asset and current liability accounts at the beginning and end of the year were as follows:

The Deferred Income Taxes Liability account on the balance sheet increased by $6,000 during the year, and depreciation charges were $50,000 during the year.
Required:
Using the indirect method, determine the net cash provided by operating activities for theyear.

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December 31 End of year Beginning of year Current assets Cash Accounts receivable...+. Inventory Prepaid expenses $60,000 $250,000 $437.000 $12,000 80,000 $190,000 $360,000 $14,000 .- Current liabilities: Accounts payable Accrued liabilities $420,000 $8,000 $390,000 $12,000