12/31/2020	12/31/2019
Cash	15,000	12,250
Accounts receivable	224,000	180,500
Inventory	65,200	76,000
Accounts payable	19,800	15,300
Salaries payable	5,800	2,100
Land	100,000	0

also reported $53,400 in net income and $21,000 in depreciation expense during 2020.

Instructions

Using the above information, prepare the operating activities section of the statement of cash flows for the year ended December 31, 2020 using the indirect method