The current sections of DoubleDip Inc.'s balance sheets at December 31, 2007 and 2008 are presented here.

DoubleDip's net income for 2008 was $153,000. Depreciation expense was $19,000.

Instructions
Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2008, using the indirect method.

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2008 2007 Current assets Cash Accounts receivable Inventory Prepaid expenses $105,000 120,000 148,000 27,000 $400,000 $99,000 89,000 172,000 22,000 $382,000 Total current assets Accrued expenses payable 15,000 85,000 $100,000 S 5,000 92,000 $97,000 Accounts payable Total current liabilities