Reporting Net Cash Flow from Operating Activities

The following information is available for Cornelius Inc.:

Selected Income Statement Information	Amount
Net income	$40,860
Depreciation expense	8,300

Selected Balance Sheet Information	Beginning Balance	Ending Balance
Accounts receivable	$21,200			$27,950
Inventory	45,800			40,125
Accounts payable	23,700			32,600

Required:

Prepare the net cash flows from operating activities using the indirect method. Use a minus sign to indicate any decreases in cash or cash flows.

Cash flows from operating activities:
Decrease in inventoryDepreciation expenseIncrease in accounts payableIncrease in accounts receivableNet income	$- Select -
Adjustments to reconcile net income to net cash flow from operating activities:
Decrease in accounts payableDecrease in accounts receivableDepreciation expenseIncrease in inventoryNet income	$- Select -
Decrease in accounts payableDecrease in accounts receivableIncrease in accounts receivableIncrease in inventoryNet income	- Select -
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoryIncrease in inventoryNet income	- Select -
Decrease in accounts payableDecrease in accounts receivableIncrease in accounts payableIncrease in inventoryNet income	- Select -
Net cash provided by operating activities		$fill in the blank 11