Calculating Net Cash Flow from Operating Activities (Indirect Method) Weber Company had a $1,260 net loss from operations for 2016. Depreciation expense for 2016 was $516 and a 2016 cash dividend of $360 was declared and paid. Balances of the current asset and current liability accounts at the beginning and end of 2016 follow. Did Weber Company's 2016 operating activities provide or use cash? Use the indirect method to determine your answer Ending Beginning 420 1,500 3,180 540 480 456 $210 Cash Accounts Receivable 960 Inventory Prepaid Expenses Accounts Payable Accrued Liabilities 360 720 300 Net loss (1,260 Add (deduct) items to convert net loss to cash basis Add back depreciation 516 Subtract change in operating assets Accounts receivable Prepaid expenses Add change in operating liabilities: Accounts payable Accrued liabilities Net cash provided by operating activities Weber Company's 2016 operating activities cash