Exercise 11-9A Calculate operating activitiesindirect method (LO11-3)

Software Distributors reports net income of $46,000. Included in that number is depreciation expense of $5,500 and a loss on the sale of land of $4,100. A comparison of this year's and last year's balance sheets reveals a decrease in accounts receivable of $16,000, a decrease in inventory of $10,500, and an increase in accounts payable of $36,000.

Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)