Cash Flows from Operating ActivitiesIndirect Method

The income statement disclosed the following items for 2014:

Depreciation expense	$44,000
Gain on disposal of equipment	25,670
Net income	261,300

Balances of the current assets and current liability accounts changed between December 31, 2013, and December 31, 2014, as follows:

Accounts receivable	$6,850		increase
Inventory	3,900		decrease
Prepaid insurance	1,460		decrease
Accounts payable	4,650		decrease
Income taxes payable	1,460		increase
Dividends payable	1,030		increase

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Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required.

Statement of Cash Flows (partial)
For the year ended on Dec. 31, 2014
Cash flows from operating activities:
		$
Adjustments to reconcile net income to net cash flow from operating activities:
Changes in current operating assets and liabilities:
Net cash flow from operating activities				$