Net Cash Flow From Operating Activities

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

1. decrease in accounts payable, $4,100
2. loss on sale of land, $1,100
3. increase in inventory, $7,600
4. increase in income taxes payable, $2,400
5. net income, $70,000
6. patent amortization expense, $1,800
7. ordinary loss, $6,600
8. decrease in deferred taxes payable, $2,000
9. amortization of discount on bonds payable, $1,200
10. payment of cash dividends, $26,000
11. depletion expense, $4,500
12. decrease in salaries payable, $1,700
13. decrease in accounts receivable, $3,900
14. gain on sale of equipment, $6,600
15. proceeds from issuance of stock, $61,000
16. ordinary gain, $3,100
17. depreciation expense, $13,000
18. amortization of discount on investment in bonds, $1,400

Required

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