The current sections of Bellinham Co.€™s statements of financial position at December 31, 2010 and 2011 are presented here.
Bellinham€™s net income for 2011 was ‚¬153,000. Depreciation expense was ‚¬24,000.

Instructions
Prepare the net cash provided by operating activities section of the company€™s statement of cash flows for the year ended December 31, 2011, using the indirectmethod.

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2011 2010 Current assets Prepaid expenses Inventory Accounts receivable Cash 27,000 158,000 110,000 105,000 400,000 22,000 172,000 89,000 99,000 382,000 Total current assets Current liabilities Accrued expenses payable Accounts payable 15,000 85,000 100,000 5,000 92,000 97,000 Total current liabilities