The net income reported on the income statement for the current year was $300,400. Depreciation recorded on equipment and a building amounted to $89,800 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

	End of Year		Beginning of Year
Cash	$81,110		$85,980
Accounts receivable (net)	102,850		106,100
Inventories	202,780		182,790
Prepaid expenses	11,270		12,120
Accounts payable (merchandise creditors)	90,600		95,950
Salaries payable	13,060		11,950

a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.