The current sections of Nasreen SA's statements of financial position at December 31, 2016 and 2017, are presented here. Nasreen's net income for 2017 was ‚¬147,000. Depreciation expense was ‚¬21,000.

Instructions
Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, using the indirect method.

Transcribed Image Text:

2017 2016 Current assets Prepaid expenses Inventory Accounts receivable Cash 158,000 110,000 105,000 400,000 27,000 25,000 172,000 79,000 99,000 375,000 Total current assets Current liabilities Accrued expenses payable 15,000 9,000 95,000 104,000 Accounts payable 85,000 100,000 Total current liabilities