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

Account Title	2017			2016
Accounts receivable	$	31,957		$	38,348
Prepaid rent		1,418			1,241
Interest receivable		467			374
Accounts payable		9,011			10,813
Salaries payable		3,216			3,675
Unearned revenue		3,290			4,386

The income statement contained a $1,320 gain on the sale of equipment, an $700 loss on the sale of land, and $3,300 of depreciation expense. Net income for the period was $50,704.

Required

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