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

	End	Beginning
Cash	$ 62,000	$73,000
Accounts receivable (net)	75,000	60,000
Inventories	54,000	47,000
Accounts payable
(merchandise creditors)	43,000	37,000
Salaries payable	2,800	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 cash flows from operating activities section of a statement of cash flows.