Partial balance sheet data and additional information for Bohemian Industries are given below:

Bohemian Industries Partial Balance Sheet December 31, 2014 and 2013 Assets 2014 2013

Cash ........................................ $80,000 $20,000

Accounts receivable ......................... 70,000 82,000

Inventory ................................... 55,000 33,000

Liabilities

Accounts payable ............................ $95,000 $75,000

Additional Information: (a) Net income for 2014 was $60,000

. (b) Depreciation expense for 2014 was $25,000.

Prepare the operating activities section of the statement of cash flows, using the indirect method, for the year ending December 31, 2014.