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	$ 25,070
Accounts receivable	88,000	77,390
Inventory	41,300	48,410
Prepaid expenses	9,810	16,500
Long-term investments	252,000	208,000
Property, plant, and equipment	566,500	489,600
Less accumulated depreciation	339,200	318,600
Total assets	$ 621,470	$ 546,370
Accounts payable	$ 9,180	$ 27,250
Accrued liabilities	25,680	17,850
Income taxes payable	53,900	50,600
Bonds payable	176,000	210,000
Common stock	152,000	140,000
Retained earnings	204,710	100,670
Total liabilities and stockholders' equity	$ 621,470	$ 546,370

Income Statement
Sales	$ 926,500
Cost of goods sold	486,000
Gross margin	440,500
Selling and administrative expense	286,200
Net operating income	154,300
Income taxes	41,300
Net income	$ 113,000

The company declared and paid $8,960 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.)