#9 The current sections of May Inc.'s balance sheets at December 31, 2013 and 2014, are presented here.

#9The current sections of May Inc.'s balance sheets at December 31, 2013 and 2014, are presented here.

May's net income for 2014 was $203,000. Depreciation expense was $25,000.

                                                                                                               2014                          2013  

                        Current assets

                             Cash                                                                     $115,000                    $99,000

                             Accounts receivable                                            105,000                      89,000

                             Inventory                                                                154,000                   172,000

                             Prepaid expense                                                    27,000                      21,000

                                    Total current assets                                    $401,000                  $381,000

                         Current liabilities

                             Accrued expenses payable                              $  15,000                    $  5,000

                             Accounts payable                                                   85,000                      93,000

                                    Total current liabilities                                $100,000                   $ 98,000

Instructions

Prepare the net cash provided by operating activities section (ONLY!) of the company's statement of cash flows for the year ended December 31, 2014, using the indirect method.