Stuart Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Stuarts Year 2 and Year 1 year-end balance sheets.

Account TitleYear 2Year 1Accounts receivable$ 32,715$ 39,258Prepaid rent1,5541,360Interest receivable547438Accounts payable10,47512,570Salaries payable2,5312,893Unearned revenue3,0184,024

The income statement reported a $1,290 gain on the sale of equipment, an $670 loss on the sale of land, and $3,300 of depreciation expense. Net income for the period was $54,287.

Required

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

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

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