Balances of the current asset and current liability accounts at the end and beginning of the year are as follows:

	End	Beginning
Cash	$ 67,000	$73,000
Accounts Receivable (net)	73,000	62,000
Inventories	54,000	35,000
Accounts Payable
(merchandise creditors)	43,000	37,000
Salaries Payable	1,800	3,800
Sales (on account)	210,000	―
Cost of Merchandise Sold	70,000	―
Operating Expenses Other Than Depreciation	67,000	―

Use the direct method to prepare the operating activities section of a statement of cash flows.