Carr Corporation's comparative balance sheet and income statement for last year appear below:

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Cash and cash equivalents	$	3,060		$	23,920
Accounts receivable		86,300			75,970
Inventory		42,100			49,820
Prepaid expenses		9,270			15,750
Long-term investments		254,400			210,000
Property, plant, and equipment		535,600			508,800
Less accumulated depreciation		329,600			318,600
Total assets	$	601,130		$	565,660
Accounts payable	$	9,450		$	25,750
Accrued liabilities		25,680			17,850
Income taxes payable		53,900			49,220
Bonds payable		168,000			218,000
Common stock		154,000			140,000
Retained earnings		190,100			114,840
Total liabilities and stockholders' equity	$	601,130		$	565,660

Income Statement
Sales	$	918,000
Cost of goods sold		486,000
Gross margin		432,000
Selling and administrative expense		283,500
Net operating income		148,500
Income taxes		41,000
Net income	$	107,500

The company declared and paid $32,240 in cash dividends during the year. It did not dispose of any property, plant, and equipment during the year.

Required:

Prepare the operating activities section of the company's statement of cash flows for the year using the direct method. (Enter all amounts as positive values except for adjustments to cash basis that are deducted.)

Adjustments to a cash basis:
Adjustments to a cash basis:
Adjustments to a cash basis:
Adjustments to a cash basis: