13. Statement of Cash Flows

A company had net income of \$240,000. Depreciation expense was \$36,000. During the year, the accounts receivable and Inventory increased \$12,000 and \$25,000, respectively. Accrued expenses and prepaid expenses decreased by \$3,000 and \$14,000, respectively. There was also a gain on the sale of equipment of \$4,000. How much cash was provided by operating activities?

A company reported net income of \$250,000. Depreciation and amortization totaled \$120,000. In total, Current assets excluding cash increased by \$25,000 and current liabilities increased by 16,000. The company also had a gain on the sale of equipment of \$4,000. Using the indirect method, what are cash flows from operating activities?