23. Microsoft Corporation provides the following information for the year ended December 31, 2023:

• Net income: $500,000
• Depreciation expense: $100,000
• Increase in accounts receivable: $80,000
• Decrease in accounts payable: $60,000
• Purchase of new equipment: $200,000
• Sale of old equipment: $50,000
• Payment of dividends: $120,000

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