Net Cash Flow From Operating Activities

The following are accounting items taken from Tyrone Shoelaces Company's records:

1. Net income, $22,900
2. Payment for purchase of land, $4,000
3. Payment for retirement of bonds, $6,000
4. Depreciation expense, $7,800
5. Receipt from issuance of common stock, $7,000
6. Patent amortization expense, $2,700
7. Increase in accounts receivable, $3,400
8. Payment of dividends, $5,000
9. Decrease in accounts payable, $2,600

Required:

Prepare the operating activities section of Tyrones statement of cash flows using the indirect method. Use a minus sign for any negative amounts.

TYRONE SHOELACES COMPANY
Statement of Cash Flows (Partial)
For Year Ended December 31, Current Year
Operating Activities
	$
Adjustments for differences between income flows and cash flows from operating activities:
		$