The net income reported on the income statement for the current year was $58,000. Depreciation recorded on equipment and a building amount to $24,000 for the year. Balances of the current asset and current liabilities accounts at the beginning and end of the year are as follows:

	End of Year	Beginning of Year	Change
Cash	$65,000	$70,000
Accounts receivable (net)	70,000	63,000
Inventories	85,000	102,000
Prepaid expenses	4,000	4,500
Accounts payable (merchandise creditors)	50,000	58,000
Salaries payable	7,500	6,000
Cash dividends payable	4,500	6,500

Prepare the Cash flows for Operating Activities section of the statement of cash flows, using the indirect method