E13-5 The current sections of Nasreen Inc.’s

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E13-5 The current sections of Nasreen Inc.’s balance sheets at December 31, 2013 and 2014,
are presented here. Nasreen’s net income for 2014 was $153,000. Depreciation expense was
$24,000.

		2014	2013
Current assets
Cash		105,000	99,000
Accounts receivable		110,000	79,000
Inventory		158,000	172,000
Prepaid expenses		27,000	25,000
Total current assets		400,000	375,000
Current liabilities
Accrued expenses payable		15,000	9,000
Accounts payable		85,000	95,000
Total current liabilities		100,000	104,000

Instructions
Prepare the net cash provided by operating activities section of the company’s statement of
cash flows for the year ended December 31, 2014, using the indirect method.