The following items were taken from the records of Global Partners for the year ending December 31, 2017: Net income $120,000 Depreciation Disposal of plant and equipment for cash Amortisation of premium on bonds payable Decrease in noncurrent assets $15,000 $6,000 $1,200 $3,400 $500 Increase in accounts receivable Decrease in accounts payable $150 Increase in inventories $50 Decrease in dividends payable $77 Required: a) Calculate the amount that should be reported as cash flows from operations, using the indirect method