Calculating Net Cash Flow from Operating Activities $($Indirect Method$)$

Weber Company had a $$16,800$ net loss from operations for the year. Depreciation expense for the year was $$6,880$ and a cash dividend of $$4,800$ was declared and paid. Balances of the current asset and current liability accounts at the beginning and end of the year follow:

Ending Beginning

Cash $$2,800$ $$5,600$

Accounts Receivable $12,80020,000$

Inventory $40,00042,400$

Prepaid Expenses $4,8007,200$

Accounts Payable $9,6006,400$

Accrued Liabilities $4,0006,080$

Notes:

Use a negative sign with your answer to show that an amount is subtracted in the statement of cash flows.

Net loss Answer $1$

Add $($deduct$)$ items to convert net loss to cash basis

Add back depreciation Answer $2$

$0$

Adjust for change in operating assets:

Accounts receivable Answer $3$

$0$

Inventory Answer $4$

$0$

Prepaid expenses Answer $5$

$0$

Adjust for change in operating liabilities:

Accounts payable Answer $6$

$0$

Accrued liabilities Answer $7$

$0$

Net cash provided by operating activities Answer $8$

$0$

Weber Company's current year operating activities Answer $9$

cash.

Please answer all parts of the question.