Hardware Distributors reports net income of $45,000. Included in that number is depreciation expense of $5,000 and a loss on the sale of land of $4,000. A comparison of this year's and last year's balance sheets reveals a decrease in accounts receivable of $15,000, a decrease in inventory of $10,000, and an increase in accounts payable of $35,000. 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.)