Q2. Using the following data, prepare the operating activities section of a cash flow statement for Richie Corporation for the year ended December 31, 2014, using the indirect method.

Increase in salary payable $ 1,500

Decrease in accounts payable 2,000

Increase in accounts receivable 3,500

Net income 95,600

Decrease in inventory 5,800

Increase in prepaid expenses 1,200

Amortization expense-equipment 5,500

Amortization expense-buildings 7,500

Gain on sale of equipment 1,300

Loss on sale of patent 2,500