Annapolis Company Reported Net Income of $365,000 for the Current

Annapolis Company reported net income of $365,000 for the current year. Depreciation recorded on buildings and equipment amounted to $73,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: $\begin{array}{lrr}&\text { End of Year }&\text { Beginning of Year }\\\text { Cash } & \$ 22,000 & \$ 15,000 \\\text { Accounts receivable } & 17,000 & 32,000 \\\text { Inventory } & 55,000 & 65,000 \\\text { Prepaid insurance } & 7,500 & 5,000 \\\text { Accounts payable } & 11,000 & 18,000 \\\text { Income taxes pavable } & 600 & 1,200\end{array}$ Instructions
Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method.