The following information is taken from the accounting records of Tilder Company for the current year:

Net income, $47,000 Increase in inventory, $4,600 Decrease in accounts receivable, $8,500 Depreciation expense, $10,000 Decrease in salaries payable, $1,000 Gain on sale of land, $3,000 Increase in accounts payable, $6,200 Required: Prepare the cash flows from operating activities section of Tilder’s cash flow statement for the current year.

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