Cash Flows from Operating Activities-Indirect Method
the Data Below Are

Cash flows from operating activities-indirect method
The data below are taken from the financial statements of the Garland Corporation:
$\begin{array}{|l|r|r|}\hline \text {Income Statement:}&2014\\\hline\\\hline \text { Profit for the year } & \$ 299,000 \\\hline \text { Depreciation expense } & 101,000, \\\hline \text { Amortization of trademark } & 20,000 \\\hline \text { Gain on sale of machinery } & 38,000 \\\hline\\\hline \text { Statement of financial position: } & \text { 31 Dec 2014 } & \text { 31 Dec 2013 } \\\hline \text { Accounts receivable } & & \\\hline \text { Inventory } & \$ 195,000 & \$ 204,000 \\\hline \text { Prepaid expenses } & 553,000 & 321,000 \\\hline \text { Accounts payable } & 314,000 & 38,000 \\\hline \text { Accrued expense payable } & 158,000 & 290,000 \\\hline\end{array}$
Complete the partial statement of cash flows for the year ended 31 December 2014, showing the computation of net cash from operating activities by the indirect method: