Hardware Suppliers reports net income of $148,000. Included in net income is a gain on the sale of land of $11,500. A comparison of this years and last years balance sheets reveals an increase in accounts receivable of $18,000, an increase in inventory of $11,500, and a decrease in accounts payable of $38,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)