The net income for Shepherd Corporation was $85,019 for the year ended December 31, 2016. Related information follows: Amortization of patent 10,307 Gain on the sale of land 3,838 Cash dividends paid Decrease in accounts receivable Decrease in salaries payable Increase in long-term notes payable 12,625 14,462 11,221 12,041 Sale of preferred stock for cash 6,197 Cash flows from operating activities during 2016 should be reported as: