Calculating Net Cash Flow from Operating Activities (Indirect Method)

Weber Company had a $21,000 net loss from operations for 2016. Depreciation expense for 2016 was $8,600 and a 2016 cash dividend of $6,000 was declared and paid. Balances of the current asset and current liability accounts at the beginning and end of 2016 follow. Did Weber Companys 2016 operating activities provide or use cash? Use the indirect method to determine your answer.

	Ending	Beginning
Cash	$3,500	$7,000
Accounts Receivable	16,000	25,000
Inventory	50,000	53,000
Prepaid Expenses	6,000	9,000
Accounts Payable	12,000	8,000
Accrued Liabilities	5,000	7,600

Net loss	$Answer
Add (deduct) items to convert net loss to cash basis
Add back depreciation	Answer
Subtract change in operating assets:
Accounts receivable	Answer
Inventory	Answer
Prepaid expenses	Answer
Add change in operating liabilities:
Accounts payable	Answer
Accrued liabilities	Answer
Net cash provided by operating activities	$Answer

Weber Company's 2016 operating activities (Fill in the blank: provided or used ? ) cash.