The current sections of Leach Inc.'s balance sheets at December 31, 2010 and 2011, are presented here. Leach'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 indirect method.

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2011 2010 Current assets Cash Accounts receivable Inventory Prepaid expenses $105,000 99,000 89,000 172,000 22,000 110,000 158,000 27,000 Total current assets $400,000 $382000 Current liabilities Accrued expenses payable 15,000 $5,000 92,000 Accounts payable 85,000 Total current liabilities $100,000 97,000