Gregson Company reported balances for various current assets and liabilities in 2010 and 2011. In 2011, the company had $750,000 in net income and $40,000 in depreciation expense. To calculate net cash from operating activities for 2011 using the indirect method, non-cash expenses are added back to net income. Changes in current assets and liabilities are also considered, adding amounts that decreased and subtracting amounts that increased. This results in net cash from operating activities of $794,000.