The following information is taken from the accounting records of Ward’s business for the current year:

1 Net income: $34 000 2 Increase in inventory: $9200 3 Decrease in accounts receivable: $17 000 4 Depreciation expense: $20 000 5 Decrease in salaries payable: $2000 6 Increase in accounts payable: $12 400 Required:

Using the indirect method, prepare the cash flows from the operating activities section of Ward’s cash flow statement for the current year.