The following are accounting items taken from the records of the Tyrone Company for 2007:
a. Net income, $22,900
b. Payment for purchase of land, $4,000
c. Payment for retirement of bonds, $6,000
d. Depreciation expense, $7,800
e. Receipt from issuance of common stock, $7,000
f. Patent amortization expense, $2,700
g. Bond discount amortization, $1,000
h. Increase in accounts receivable, $3,400
i. Payment of dividends, $5,000
j. Decrease in accounts payable, $2,600

Required
Prepare the net cash flow from operating activities section of the Tyrone Company’s 2007 statement of cash flows.