Larkspur Company reported net income of $490,000 for the current year. Depreciation recorded on buildings and equipment amounted to $77,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

		End of Year		Beginning of Year
Cash		$20,500		$19,600
Accounts receivable		27,000		35,500
Inventory		54,500		60,500
Accounts payable		13,200		17,100

Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)