WSPI Corp. uses the direct method to prepare its statement of cash flows and follows IFRS. WSPI's trial balances on December 31, 2022 and 2021, were as follows:

	December 31, 2022	December 31, 2021
Debits
Cash	$55,000	$31,000
A/R	33,000	30,000
Inventory	31,000	47,000
PPE	95,000	90,000
COGS	253,00	380,000
Selling Expenses	138,000	172,000
Interest Expense	15,600	28,600
Income Tax Expense	20,200	56,200
Credits
Allowance For Doubtful Accounts	$1,300	$1,100
Accumulated Depreciation	26,500	25,000
Accounts Payable	25,000	15,500
Income Tax Payable	21,000	29,100
Deferred Income Tax Liability	5,300	4,600
8% callable bonds payable	46,000	45,500
Common Shares	53,600	22,000
Retained Earnings	44,700	64,600
Sales Revenue	557,400	778,700

Additional information:

1. WSPI purchased $5,000 of equipment during 2022.

2. Bad debt expense for 2022 was $5,000 and write offs of uncollectible accounts totalled $4,800.

3. WSPI has adopted the policy of classifying the payments of interest as operating activities on the statement of cash flows.

Required:

Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2022, using the direct method.