Hardware Distributors reports net income of $62,000. Included in that number is depreciation expense of $13,500 and a loss on the sale of land of $5,700. A comparison of this year's and last year's balance sheets reveals a decreas in accounts receivable of $32,000, a decrease in inventory of $18,500, and an increase in accounts payable of $52,000. 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.)