The data below are taken from the financial statements of the Buena Vista Corporation:
Income Statement: 2011
Net income $900,000
Depreciation expense 270,000
Amortization of goodwill 90,000
Gain on sale of machinery 180,000
Balance Sheet: 12/31/11 12/31/10
Accounts receivable $670,000 $575,000
Inventory 980,000 818,000
Prepaid expenses 45,000 70,000
Accounts payable 750,000 680,000
Accrued expenses payable 360,000 408,000
Complete the partial statement of cash flows for the year ended December 31, 2011, showing the computation of net cash flow from operating activities by the indirect method: