The simple income statement for Jack’s Blinds is shown below:

	JACK’S BLINDS Income Statement for the year ended 30 June 2017
	Sales Less: Cost of sales Beginning inventory Purchases		$68 500 160 000				$435 000
	Goods available for sale Ending Inventory		228 500 58 500
	Cost of sales						170 000
	GROSS PROFIT						265 000
	Expenses Selling expenses Administrative expenses		75 000 91 500				166 500
	Profit						$98 500

Additional information

1. Accounts receivable increased by $8250 during the year.

2. Accounts payable to suppliers of inventory increased by $3250 during the year.

3. Wages payable decreased by $6250 during the year (including selling expenses).

4. Administrative expenses include depreciation expense of $31 500.

Required

Prepare the net cash flows from operating activities for the year ended 30 June 2017 for Jack’s Blinds using the indirect method.