Use the following income statement and information about selected current assets and current liabilities to calculate the net cash provided or used by operating activities using the indirect method. 
Selected beginning and ending balances of current asset and current liability accounts, all of which relate to operating activities, are as follows: 
Definitions:
Inelastic
A term describing a situation where the demand or supply for a good or service is relatively unresponsive to changes in price.
Elastic
Describes a situation in which the demand or supply of a product is sensitive to changes in price, meaning a small change in price leads to a large change in the quantity demanded or supplied.
Supply Curve
A graphical representation of the relationship between the price of a good and the quantity of the good supplied.
Demand Curve
A graphical representation showing the inverse relationship between the price of a good or service and the quantity demanded by consumers.
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