The comparative balance sheets for Russell Company appear below:

RUSSELL COMPANY Comparative Balance Sheet
				Dec. 31, 2020				Dec. 31, 2019
		Assets
Cash					$38,000				$13,000
Accounts receivable					18,000				14,000
Inventory					25,000				15,000
Prepaid insurance					7,000				9,000
Land					-0-				18,000
Equipment					60,000				30,000
Accumulated depreciation-equipment					(18,000	)			(14,000	)
Total assets					$130,000				$85,000
Liabilities and Stockholder's Equity
Accounts payable					$25,000				$7,000
Bonds payable					37,000				45,000
Common stock					40,000				23,000
Retained earnings					28,000				10,000
Total liabilities and stockholder's equity					$130,000				$85,000

Additional information:
1.		Net income for the year ending December 31, 2020, was $30,000.
2.		Cash dividends of $12,000 were declared and paid during the year.
3.		Land on balance sheet that had a book value of $18,000 was sold for $13,000.
4.		No equipment was sold during the year.

Prepare the Operating section of the statement of cash flows using indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)