Net Cash Flow From Operating Activities

Verna Company's records provided the following information for 2019:

1. decrease in accounts payable, $4,600
2. loss on sale of land, $2,000
3. increase in inventory, $7,300
4. increase in income taxes payable, $2,700
5. net income, $66,700
6. patent amortization expense, $1,200
7. ordinary loss, $7,000
8. decrease in deferred taxes payable, $2,700
9. amortization of discount on bonds payable, $1,200
10. payment of cash dividends, $24,000
11. depletion expense, $4,800
12. decrease in salaries payable, $2,000
13. decrease in accounts receivable, $4,000
14. gain on sale of equipment, $6,000
15. proceeds from issuance of stock, $63,000
16. ordinary gain, $3,300
17. depreciation expense, $20,000
18. amortization of discount on investment in bonds, $1,500

Required

Prepare the operating activities section of Verna's 2019 statement of cash flows using the indirect method. Use a minus sign to indicate cast outflows or decreases in cash.

PLEASE PUT WHETHER IT IS AN ADD OR LESS

VERNA COMPANY Adjustment for noncash income items: Add: Depreciation expense Add: Patent amortization expense Less: Loss on sale of land Add: Amortization of discount on bonds payable Less: Depreciation expense Add: Ordinary loss Less: Amortization of discount on investment in bonds Add: Gain on sale of equipment Adess: Decrease in deferred taxes payable Adjustments for cash flow effects from working capital items: Decrease in accounts receivable Increase in inventory Increase in accounts payable Decrease in salaries payable Increase in income taxes payable 4,0007,3004,6002,0002,700 Net cash provided by operating activities $82,200