Weston is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from operating activities using the indirect method:

Net income -$182,000

Gain on the sale of equipment -12,300

Proceeds from the sale of equipment- 92,300

Depreciation expense- equipment- 50,000

Payments of bonds at maturity- 100,000

Purchase of land- 200,000

Issuance of common stock- 300,000

Increase in merchandise inventory- 35,400

Decrease in accounts receivable- 28,800

Increase in accounts payable-23, 700

Payment of each cash dividends- 32,000