Refer to the data. Prepare the operating activities section of the statement of cash flows using the directmethod.

Income Statement Cash Flows from Adjustments Operations (increase in accounts $ 32,840 (21,352) $ 32,500 (21,310) -340 receivable) Sales Cost of goods sold -103 (increase in inventory) (increase in accounts payable) (decrease in prepaid expenses) (not a cash flow item) (decrease in interest payable) (not an operating activity) (increase in taxes payable) Net adjustment +145 +130 (4,540) Miscellaneous expenses Depreciation expense Interest expense (4,670) (4,503) (362) (1,030) +4,503 -24 (386) Loss on sale of land +1,030 +14 (355) $ 5,909 Income tax expense Net income (369) +5,355 554