Shim Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances

were drawn from Shim's Year $2$ and Year $1$ year$-$end balance sheets:

The income statement reported a $$1,980$ gain on the sale of equipment, an $$880$ loss on the sale of land, and $$3,500$ of depreciation

expense. Net income for the period was $$53,503.$

Required

Prepare the operating activities section of the statement of cash flows.

Note: Amounts to be deducted should be indicated with a minus sign.