Bead World reports net income of $158,000. Included in net income is a gain on the sale of land of $16,500. A comparison of this year's and last year's balance sheets reveals an increase in accounts receivable of $28,000, an increase in inventory of $16,500, and a decrease in accounts payable of $48,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)