The current section of Opotiki Ltd statement of financial position at 30 June 2016 is presented below.

Other information:

1. Profit for the year ended 30 June 2016 was $153 000.

2. Depreciation expense was $19 000.

Required

Prepare the net cash provided by the operating activities section of Opotiki’s statement of cash flows for the year ending 30 June 2016, using the indirect method.  

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Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accounts payable Accrued expenses payable Total current liabilities 2016 $105 000 120 000 161 000 27 000 $431 000 $ 85000 15 000 $100 000 2015 $ 99000 89 000 186 000 22 000 $396000 $92000 5.000 $ 97.000