Software Distributors reports net income of $47,000. Included in that number is depreciation expense of $6,000 and a loss on the sale of land of $4,200. A comparison of this year's and last year's balance sheets reveals a decrease in accounts receivable of $17,000, a decrease in inventory of $11,000, and an increase in accounts payable of $37,000.

Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)