The following information applies to the questions displayed below.] Green Brands, Incorporated (GBI) presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from GBIs Year 2 and Year 1 year-end balance sheets. Assume all sales and purchases of inventory are made on account.

Account TitleYear 2Year 1Accounts receivable$ 21,600$ 28,700Inventory57,60048,600Prepaid insurance17,70026,800Accounts payable24,70018,600Salaries payable4,8004,150Unearned service revenue6002,900

The Year 2 income statement is shown next.

Income StatementSales$ 607,000 Cost of goods sold(371,000) Gross margin236,000 Service revenue5,200 Insurance expense(38,000) Salaries expense(158,000) Depreciation expense(5,800) Operating income39,400 Gain on sale of equipment4,100 Net income$ 43,500

b. Prepare the operating activities section of the statement of cash flows using the indirect method. (Cash outflows should be indicated with a minus sign.)