Pettygrove Inc. reported the following data:

Net income	$405,000
Depreciation expense	45,000
Gain on disposal of equipment	36,900
Decrease in accounts receivable	25,200
Decrease in accounts payable	6,480

Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.