Technology Distributors reports net income of $$58,000.$ Included in that number is depreciation expense of $$11,500$ and a loss on the

sale of land of $$5,300.$ A comparison of this year's and last year's balance sheets reveals a decrease in accounts receivable of

$$28,000,$ a decrease in inventory of $$16,500,$ and an increase in accounts payable of $$48,000.$

Required:

Prepare the operating activities section of the statement of cash flows using the indirect method. $($Amounts to be deducted should be

indicated with a minus sign.$)$