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	$	3,300		$	23,460
Accounts receivable		89,600			77,390
Inventory		39,800			47,940
Prepaid expenses		9,540			16,200
Long-term investments		244,800			216,000
Property, plant, and equipment		551,050			518,400
Less accumulated depreciation		352,000			300,900
Total assets	$	586,090		$	598,490
Accounts payable	$	9,810		$	26,250
Accrued liabilities		24,720			18,020
Income taxes payable		53,900			46,920
Bonds payable		176,000			218,000
Common stock		167,000			140,000
Retained earnings		154,660			149,300
Total liabilities and stockholders' equity	$	586,090		$	598,490

Income Statement
Sales	$	884,000
Cost of goods sold		472,500
Gross margin		411,500
Selling and administrative expense		297,000
Net operating income		114,500
Income taxes		39,800
Net income	$	74,700

The company declared and paid $69,340 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.)