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Prepare the net cash provided by operating activities

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Reference no: EM13257129

The current section of Bellinham Inc.'s balance sheet atDecember 31, 2007 and 2008 are presented here. Bellinham net income for 2008 was $153,000. Depreciation expense was $ 24, 000

                                       2008                              2007 Current Assets
Cash                               $105,000                                $99,000

Accountsreceivable             $110,000                                $89,000

Inventory                           158,000                                172,000

PrepaidExpense                    27,000                                  22,000

Totalcurrent Assets               $400,000                                $382,000

Current liabilities

Accrued expensepayable         $15,000                                 $5,000

AccountsPayable                      85,000                                92,000

Totalcurrentliabilities                $100,000                               $97,000

Instructions

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

Reference no: EM13257129

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