Tabele Limited reported a net income of $545,000 for the year ended December 31, 2018. Depreciation expense recorded on buildings and equipment was $182,000 for the year. Balances of the current assets and current liabilities accounts at the beginning and end of the year are as follows:

End of Year Beginning of Year
Cash $120,000 $108,000
Accounts receivable 16,500 22,500
Inventory 42,000 47,000
Prepaid expenses 8,500 4,000
Accounts payable 26,000 30,000
Income tax payable 1,200 900

Instructions
Using the indirect method, prepare the operating activities section of the statement of cash flows.