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	$	3,210		$	23,460
Accounts receivable		86,300			73,130
Inventory		41,700			49,350
Prepaid expenses		9,810			15,900
Long-term investments		264,000			212,000
Property, plant, and equipment		545,900			508,800
Less accumulated depreciation		345,600			321,550
Total assets	$	605,320		$	561,090
Accounts payable	$	9,540		$	25,750
Accrued liabilities		25,920			18,360
Income taxes payable		52,900			48,760
Bonds payable		168,000			220,000
Common stock		165,000			140,000
Retained earnings		183,960			108,220
Total liabilities and stockholders' equity	$	605,320		$	561,090

Income Statement
Sales	$	926,500
Cost of goods sold		490,500
Gross margin		436,000
Selling and administrative expense		275,400
Net operating income		160,600
Income taxes		42,100
Net income	$	118,500

The company declared and paid $42,760 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.)