Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for the 2024 fiscal year was $694,000. Depreciation and amortization expense of $81,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash:

Decrease in accounts receivable	$ 36,000
Increase in inventory	10,600
Increase in prepaid expenses	9,900
Increase in salaries payable	11,400
Decrease in income taxes payable	12,000

Required:

Prepare the operating activities section of the 2024 statement of cash flows.

Note: Amounts to be deducted should be indicated with a minus sign.

\begin{tabular}{|l|l|} \hline Cash flows from operating activities: & \\ \hline Adjustments for noncash effects: & \\ \hline & \\ \hline Changes in operating assets and liabilities: & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Net cash flows from operating activities & \\ \hline \end{tabular}