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		$	23,920
Accounts receivable		88,800			78,100
Inventory		42,900			48,410
Prepaid expenses		9,900			15,600
Long-term investments		261,600			204,000
Property, plant, and equipment		540,750			518,400
Less accumulated depreciation		329,600			306,800
Total assets	$	617,560		$	581,630
Accounts payable	$	9,900		$	25,500
Accrued liabilities		26,160			17,680
Income taxes payable		51,900			47,380
Bonds payable		168,000			204,000
Common stock		166,000			140,000
Retained earnings		195,600			147,070
Total liabilities and stockholders' equity	$	617,560		$	581,630

Income Statement
Sales	$	909,500
Cost of goods sold		481,500
Gross margin		428,000
Selling and administrative expense		294,300
Net operating income		133,700
Income taxes		40,200
Net income	$	93,500

The company declared and paid $44,970 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.)