Prius Company, a merchandiser, recently completed its 2009 operations. For the year,
(1) All sales are credit sales,
(2) All credits to Accounts Receivable reflect cash receipts from customers,
(3) All purchases of inventory are on credit,
(4) All debits to Accounts Payable reflect cash payments for inventory,
(5) Other Expenses are cash expenses, and
(6) Any change in Income Taxes Payable reflects the accrual and cash payment of taxes. The company€™s balance sheets and income statement follow.

Additional Information on Year 2009 Transactions
a. Purchased equipment for $74,000 cash.
b. Issued 10,000 shares of common stock for $5 cash per share.
c. Declared and paid $85,000 of cash dividends.
Required
Prepare a complete statement of cash flows; report its cash inflows and cash outflows from operating activities according to the indirectmethod.

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PRIUS COMPANY Comparative Balance Sheets December 31, 2009 and 2008 2009 2008 Assets Accounts recelvable .. Merchandise Inventory Equipment Accum. depreclation--Equlpment....(157000) (02.000) 82,000 605,000 350,000 70,000 515,000 276,000 044,000 890,000 Liablities and Equlty 17,000 Income taxes payable Common stock, $2 par value····.. Pald-in capital in excess 20.000 580,000 560,000 of par, common stock... Retained eanings.. Total labliltles and equity . 163,000 31,000 $1.044.000 $890.000 93,000 78,000 PRIUS COMPANY Income Staterment For Year Ended December 31, 2009 Sales. Cost of goods sold Gross profit . Operating expenses $1.792,000 1,087,000 705,000 Depreclation expense 55,000 Other expenses .. Income before taxes Income taxes expense . . . Net Income 549,000 156,000 24,000 $ 132,000 . .