Computation of Operating Cash Flows
the Financial Statements of Packard

Computation of operating cash flows
The financial statements of Packard Corporation provide the following information for the current year:
$\begin{array}{lrr}&\begin{array}{c}\text { End of } \\\text { Year }\end{array} & \begin{array}{c}\text { Beginning } \\\text { of Year }\end{array} \\\text { Accounts receivable } & \$ 106,000 & \$ 98,000 \\\text { Inventory } & \$ 105,000 & \$ 120,000 \\\text { Prepaid expenses } & \$ 31,000 & \$ 29,000 \\\text { Accounts payable (for merchandise) } & \$ 74,000 & \$ 70,000 \\\text { Accrued liabilities } & \$ 30,000 & \$ 28,000 \\\text { Net sales } & \$ 848,000 & \\\text { Cost of goods sold } & \$ 318,000 & \\\text { Expenses (including depreciation of } \$ 43,000) & \$ 258,000 &\end{array}$
Using this information, compute for the current year: