Fanning Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Fannings Year 2 and Year 1 year-end balance sheets.

Account Title	Year 2			Year 1
Accounts receivable	$	31,251		$	37,501
Prepaid rent		1,465			1,282
Interest receivable		622			498
Accounts payable		9,775			11,730
Salaries payable		3,133			3,581
Unearned revenue		2,965			3,953

The income statement reported a $1,280 gain on the sale of equipment, an $730 loss on the sale of land, and $3,500 of depreciation expense. Net income for the period was $50,550.

Required Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with minus sign.)

Cash flows from operating activities: Plus: Less Net cash flow from operating activities