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	$	3,270		$	25,300
Accounts receivable		88,000			72,420
Inventory		42,100			50,290
Prepaid expenses		9,540			16,200
Long-term investments		261,600			218,000
Property, plant, and equipment		566,500			499,200
Less accumulated depreciation		348,800			312,700
Total assets	$	622,210		$	568,710
Accounts payable	$	9,900		$	26,000
Accrued liabilities		26,400			17,510
Income taxes payable		52,900			49,220
Bonds payable		164,800			220,000
Common stock		160,000			140,000
Retained earnings		208,210			115,980
Total liabilities and stockholders' equity	$	622,210		$	568,710

Income Statement
Sales	$	897,000
Cost of goods sold		477,000
Gross margin		420,000
Selling and administrative expense		283,500
Net operating income		136,500
Income taxes		40,600
Net income	$	95,900

The company declared and paid $3,670 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.)