Konverse Company reported net income of $120,000 in 2020. Depreciation expense was $9,000 and amortization expense on patents was $1,500 in 2020. In addition, the balance sheet reported the following balance changes during 2020.

Decrease in accounts receivable	$3,000
Increase in debt investments classified as available-for-sale securities	2,700
Decrease in prepaid expenses	1,200
Decrease in accounts payable	4,800
Increase in accrued expenses	2,700
Decrease in short-term nontrade notes payable	4,800

Prepare the operating activities section of the statement of cash flows using the indirect method.

Note: If an item is not required for this statement, leave the answer blank (zero).