An income statement for Hamilton Corporation follows:

Revenues from sales of products					$	360,000
Cost of goods sold:
Beginning inventory	$	48,000
Purchases		228,000
Ending inventory		(168,000	)			(108,000	)
Depreciation expense						(54,000	)
Gain on retirement of bonds						60,000
Salary expense						(42,000	)
Insurance expense						(6,000	)
Income tax expense						(36,000	)
Net income					$	174,000

Additional Information:

1. Decrease in accounts receivable, $36,000.
2. The prepaid insurance account increased by $4,800 during the year.
3. Included in salary expenses are salaries of $9,600 accrued at the end of the year; no salaries were unpaid at the beginning of the year.
4. The bonds payable had a book value of $240,000 at the date of retirement.
5. Increase in accounts payable, $21,000.

Required:

Prepare a schedule showing the net cash flows generated by the operating activities of Hamilton Corporation. Use the direct method. (Enter all answers as positive values.)