The accounting records of Colton Industries provided the data below for the year ended December 31, 2018:

Net income	$300,000
Depreciation expense	15,000
Decrease in inventory	2,000
Increase in accounts receivable	1,400
Increase in interest payable	1,600
Amortization of bond premium	3,000
Decrease in accounts payable	7,000
Cash dividends paid	20,000

Required:

In good form, prepare the operating activities section of the statement of cash flows for 2018 using the indirect method.