The following are accounting items taken from Tyrone Shoelaces Company's records for 2016:

1. Net income, $22,900
2. Payment for purchase of land, $4,000
3. Payment for retirement of bonds, $6,000
4. Depreciation expense, $7,800
5. Receipt from issuance of common stock, $7,000
6. Patent amortization expense, $2,700
7. Increase in accounts receivable, $3,400
8. Payment of dividends, $5,000
9. Decrease in accounts payable, $2,600

Required:

Prepare the net cash flow from operating activities section of Tyrone's 2016 statement of cash flows using the indirect method. Use a minus sign for any negative amounts.

TYRONE SHOELACES COMPANY
Statement of Cash Flows (Partial)
For Year Ended December 31, 2016
Net Cash Flow From Operating Activities
	$
Adjustments for differences between income flows and cash flows from operating activities:
		$

Account titles to choose from:

• Add: Decrease in accounts payable
• Add: Depreciation expense
• Add: Increase in accounts receivable
• Add: Receipt from issuance of common stock
• Less: Bond discount amortization
• Less: Depreciation expense
• Less: Patent amortization expense
• Less: Payment of dividends
• Less: Payment for purchase of land
• Less: Payment for retirement of bonds
• Net income

• Net cash provided by financing activities
• Net cash provided by operating activities
• Net cash used for investing activities