Calculate net cash flow provided (used) from operating activities using the indirect method. The cash flow must be presented in the proper format to receive full credit.

Data:
		12/31/20		12/31/19
Cash				$ 25,000
Account receivable		$ 85,000		$ 50,000
Inventory		$ 50,000		$ 82,000
Prepaid rent		$ 11,000		$ 12,000
Plant assets (PPE), net		$ 41,750		$ 50,000
Accounts payable		$ 20,000		$ 26,000
Income tax payable		$ 55,000		$ 40,000
Accrued liabilities		$ 20,000		$ 15,000
Depreciation expense		$ 8,250
Net income		$ 152,000