Malibu Inc. reported the following data:

Net income	$457,200
Depreciation expense	53,700
Loss on disposal of equipment	25,900
Increase in accounts receivable	11,400
Increase in accounts payable	11,800

Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required.