Burton Company's Current Asset and Liability Balances for the Past

Burton Company's current asset and liability balances for the past two years are as follows.Net income for the year was $120,000 and depreciation expense was $15,000.
$$\begin{array} { l r r } & \underline { \text { Prior year } } { } & \underline {\text { Current year }} \\\text { Accounts receivable }& \$ 80,000 & \$ 65,000 \\\text { Inventory } & \$ 130,000 & \$ 140,000 \\\text { Accounts payable } & \$ 45,000 & \$ 40,000 \\\text { Accrued liabilities } &\$ 12,000 & \$ 15,000\end{array}$$
Required:

Using the indirect method, prepare the cash flows provided by operating activities section of the statement of cash flows.