Computation of Operating Cash Flows
the Financial Statements of Custom

Computation of operating cash flows
The financial statements of Custom Corporation provide the following information for the current year:
$\begin{array}{lrr}&\begin{array}{c}\text { End of } \\\text { Year }\end{array} & \begin{array}{c}\text { Beginning } \\\text { of Year }\end{array} \\\text { Accounts receivable } & \$ 201,000 & \$ 221,000 \\\text { Inventory } & \$ 249,000 & \$ 233,000 \\\text { Short-term prepayments } & \$ 12,000 & \$ 9,500 \\\text { Accounts payable (for merchandise) } & \$ 177,000 & \$ 170,000 \\\text { Accrued operating expenses payable } & \$ 25,500 & \$ 33,200 \\\text { Accrued income taxes payable } & \$ 12,600 & \$ 15,500 \\\text { Net sales } & \$ 801,000 & \\\text { Cost of goods sold } & \$ 465,000 & \\\text { Operating expenses (including depreciation of } \$ 40,000) & \$ 300,000 & \\\text { Income taxes expense } & \$ 39,000 &\end{array}$
Using this information, compute for the current year: