The following are line items included in the 2012 statement of cash flows prepared by Goodly’s Clothing Company.

Depreciation expense..............$ 5,500

Increase in accounts receivable .......... 1,500

Increase in accounts payable ........... 13,200

Increase in accrued salaries payable ......... 4,300

Increase in inventories ............... 11,900

Gain on disposal of long-term assets ........ 150

Increase in income taxes payable .......... 2,200

Net income .................17,000

Required

Prepare the operating cash flow section of Goodly’s statement of cash flows using the indirect method.