Cullumber AG reported 159,500 of net income for 2022. The accountant, in preparing the statement of cash flows, noted several items occurring during 2022 that might affect cash flows from operating activities. These items are listed below.

1.		Cullumber purchased 100 treasury shares at a cost of 20 per share. These shares were then resold at 25 per share.
2.		Cullumber sold 100 ordinary shares of Nokia at 350 per share. The acquisition cost of these shares was 165 per share. This investment was shown on Cullumbers December 31, 2021, statement of financial position as a non-trading equity investment.
3.		Cullumber revised its estimate for bad debts. Before 2022, Cullumbers bad debt expense was 1% of its receivables. In 2022, this percentage was increased, resulting in bad debt expense of $18,500. Net accounts receivable decreased by 13,200 during 2022.
4.		Cullumber issued 550 ordinary shares with a 10 par value for a patent. The fair value of the shares on the date of the transaction was 23 per share.
5.		Depreciation expense is 32,000.
6.		Cullumber holds 25% of the Sanchez Companys ordinary shares as a long-term investment. Sanchez Company reported 27,000 of net income for 2022.
7.		Sanchez Company paid a total of 2,200 of cash dividends to all investees in 2022.
8.		Cullumber declared a 10% share dividend. One thousand ordinary shares with a 10 par value were distributed. The market price at date of issuance was 20 per share.

Prepare a schedule that shows the net cash flow from operating activities using the indirect method. Assume no items other than those listed above affected the computation of 2022 net cash flow from operating activities.