Gemstone Suppliers reports net income of $$157,000.$ Included in net income is a gain on the sale of land of $$16,000.$ A comparison of this year's and last year's balance sheets reveals an increase in accounts receivable of $$27,000,$ an increase in inventory of $$16,000,$ and a decrease in accounts payable of $$47,000.$

Required:

Prepare the operating activities section of the statement of cash flows using the indirect method. $($Amounts to be deducted should be indicated with a minus sign.$)$

$\backslash$table$[[$GEMSTONE SUPPLIERS,$],[$Statement of Cash Flows $($partial$),,],[,,],[$Adjustments to reconcile net income to net cash flows from operating activities:,,$],[,,],[,,],[,,],[$Net cash flows from operating activities,,$]]$