Fanning Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the companys 2017 and 2016 year-end balance sheets:

Account Title	2017			2016
Accounts receivable	$	11,600		$	17,100
Accounts payable	$	7,200		$	11,050

The 2017 income statement showed net income of $26,500.

Required

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