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 Cash $210 $420 Accounts Receivable 960 1,500 Inventory 3,000 3,180 Prepaid Expenses 360 Accounts Payable 720 Accrued Liabilities 300 540 Notes: Use a negative sign with your answer to show that an asset or liability decreased during the year. (For example, you would use a negative sign with your accounts receivable answer.) . When the change in an operating asset is negative, subtracting that negative amount results in a positive adjustment. Net loss Add (deduct) items to convert net loss to cash basis Add back depreciation Subtract change in operating assets: Accounts receivable Inventory Prepaid expenses Add change in operating liabilities: Accounts payable Accrued liabilities Net cash provided by operating activities Weber Company's 2016 operating activities cash. Check provided used