Pina Ltd. had the following 2023 income statement data:

Revenues

$111,000

Expenses

45,600

$65,400

In 2023, Pina had the following activity in selected accounts:

Allowance for Expect

Accounts Receivable

1/1/23

Revenues

18,300

1,180

Write-offs

Collections

Write-offs

1,2

1,180

1,4

96,000

12/31/23

32,120

Required:

Prepare Pina's cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. 9,000 or in parenthesis e.g. (10,000).)