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Net Cash Flow From Operating Activities

The following are accounting items taken from Tyrone Shoelaces Company's records for 2016:

1. Net income, $23,700
2. Payment for purchase of land, $4,000
3. Payment for retirement of bonds, $6,000
4. Depreciation expense, $8,800
5. Receipt from issuance of common stock, $7,000
6. Patent amortization expense, $3,700
7. Increase in accounts receivable, $4,300
8. Payment of dividends, $5,000
9. Decrease in accounts payable, $2,700