Cheyenne Corp.s income statement for the year ended December 31, 2020, had the following condensed information:

Service revenue				$773,600
Operating expenses (excluding depreciation)		$497,000
Depreciation expense		57,000
Unrealized loss on FV-NI investments		4,500
Loss on sale of equipment		12,100		570,600
Income before income taxes				203,000
Income tax expense				52,000
Net income				$151,000

There were no purchases or sales of trading (FV-NI) investments during 2020. Cheyennes statement of financial position included the following comparative data at December 31:

		2020		2019
FV-NI investments		$21,700		$26,200
Accounts receivable		35,100		54,900
Accounts payable		45,400		31,500
Income tax payable		6,900		9,200

Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)