Harper Corporation acquired 80,000 of the 200,000 outstanding shares of Moore Corporation on April 1, 2019, for $400,000 and obtained significant influence. The following information concerning Moore is available on the date of acquisition:

	Book Value	Fair Value
Depreciable assets (remaining life, 15 years)	$600,000	$700,000
Other assets	500,000	450,000
Total	$1,100,000	$1,150,000
Liabilities	$300,000	$320,000
Common stock	250,000
Retained earnings	550,000
Total	$1,100,000

Subsequently, Moore paid a cash dividend of $40,000 on August 31, 2019, and reported net income of $155,000 on December 31, 2019.

Prepare Harpers net cash flow from operating activities section of its 2019 statement of cash flows under the indirect method, assuming Harper reported $200,000 of net income. Ignore income taxes.

Score: 18/25 Harper Corporation Statement of Cash Flows (Partial) For Year Ended December 31, 2019 Operating Activities: Net income $200,000.00 Adjustments to reconcile net income with cash from operations: . Less: Increase in equity investment 62,000.00 Net cash provided by operating activities $138,000.00