Changes in selected balance sheet accounts

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Blue Company's net income last year was $35,000. Changes in selected balance sheet accounts for the year appear below:

Increases (Decreases)Debit balances: Accounts receivable$(7,000)Inventory8,000Prepaid expenses(6,000)  Credit balances: Accumulated depreciation10,000Accounts payable13,000Accrued liabilities(5,000)Taxes payable5,000

Based solely on this information, net cash flow from operating activities under the indirect method on the statement of cash flows would be:

Reference no: EM132203304

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