Hardware Suppliers reports net income of $164,000. Included in net income is a gain on the sale of land of $19,500. A comparison of this years and last years balance sheets reveals an increase in accounts receivable of $34,000, an increase in inventory of $19,500, and a decrease in accounts payable of $54,000. 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.)