Lake Norman Company Reported Net Income of $225,000 for the Current

Lake Norman Company reported net income of $225,000 for the current year. Depreciation recorded on buildings and equipment amounted to $75,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: $\begin{array}{lrr}&\text { End of Year }&\text { Beginning of Year }\\\text { Cash } & \$ 20,000 & \$ 15,000 \\\text { Accounts receivable } & 22,000 & 32,000 \\\text { Inventory } & 50,000 & 60,000 \\\text { Accounts pavable } & 12,000 & 18,000\end{array}$ Instructions
Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method.