Oakeson Company is a manufacturing firm. Work-in-process and finished goods inventories for December 31, 2011, and December 31, 2010, follow:

Depreciation is a major portion of Oakeson€™s overhead, and the inventories listed above include depreciation in the following amounts:

Oakeson€™s net income for 2011 was $90,000. Cost of goods sold for the year included $22,000 in depreciation.

Instructions:
Compute net cash flow from operating activities for Oakeson Company for 2011. Assume that the levels of all current assets (except for inventories) and all current liabilities were unchanged from beginning of year to end ofyear.

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Dec. 31, 2011 Dec. 31, 2010 Work-in-process inventory (Including depreclation) Finished goods Inventory (including depreclation) 70,000 23,000 75,000 10,000 Dec. 31, 2011 Dec. 31, 2010 Depreciation Included in work-In-process inventory Depreciation Included in finished goods Inventory $15,000 26,000 $12,500 29.000