For the year ended June 30, 20xx, net income for Pine Corporation was $7,400.

Depreciation expense was $2,000. During the year, Accounts Receivable increased by

$4,400, Inventories increased by $7,000, Prepaid Rent decreased by $1,400, Accounts Payable increased by $14,000, Salaries Payable increased by $1,000, and Income Taxes Payable decreased by $600. Use the indirect method to prepare a schedule of cash flows from operating activities.