Avatar Company Uses the Indirect Method to Prepare the Statement

Avatar Company uses the indirect method to prepare the statement of cash flows. Please refer to the following income statement:
$$\begin{array} { | l | r | r | } \hline \text { Sales revenue } & \$ 240,000 & \\\hline \text { Interest revenue } & 1,000 & \\\hline \text { Gain on sale of plant assets } & 4,000 & \\\hline \text { Total revenues and gains } & & \$ 245,000 \\\hline \text { Cost of goods sold } & 110,000 & \\\hline \text { Salary expense } & 45,000 & \\\hline \text { Depreciation expense } & 12,000 & \\\hline \text { Other operating expenses } & 23,000 & \\\hline \text { Interest expense } & 1,000 & \\\hline \text { Income tax expense } & 5,000 & \\\hline \text { Total expenses } & & \$ 196,000 \\\hline \text { Net income/(loss) } & & \$ 49,000 \\\hline\end{array}$$
Other information provided:
• Current assets other than cash increase by $24,000.
• Current liabilities decrease by $1,000.
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Please prepare the operating activities section of the statement of cash flows using the following format:
$$\begin{array} { | l | l | l | } \hline \text { Operating activities: } &\quad\quad &\quad\quad \\\hline \text { Net income } & & \\\hline \text { Adjustments } & & \\\hline & & \\\hline & & \\\hline & & \\\hline \text { Net cash from operating activities } & & \\\hline\end{array}$$