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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