Salud Company reports net income of $480,000 for the year ended December 31, 2013. It also reports $86,400 depreciation expense and a $12,000 gain on the sale of machinery. Its comparative balance sheets reveal a $38,400 increase in accounts receivable, $19,680 increase in accounts payable, $10,560 decrease in prepaid expenses, and $14,880 decrease in wages payable.

Salud Company reports net income of $480,000 for the year ended December 31, 2013. It also reports $86,400 depreciation expense and a $12,000 gain on the sale of machinery. Its comparative balance sheets reveal a $38,400 increase in accounts receivable, $19,680 increase in accounts payable, $10,560 decrease in prepaid expenses, and $14,880 decrease in wages payable.

Required:

Prepare only the operating activities section of the statement of cash flows for 2013 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)