The Following Is a Partial List of Accounts and Balances

The following is a partial list of accounts and balances for the Spencer Corporation.
$\begin{array}{lrr}&\text { Beginning }&\text { Ending }\\\text { Land } & \$ 48,000 & \$ 131,800 \\\text { Accounts receivable } & 20,800 & 20,000 \\\text { Prepaid rent } & 4,200 & 2,800 \\\text { Prepaid insurance } & 1,800 & 5,600 \\\text { Equipment } & 24,000 & 29,000\\\text { Accounts payable } & 3,600 & 2,800 \\\text { Dividends payable } & 2,000 & 2,400 \\\text { Utilities payable } & 1,00 \mathrm{C} & 1,600 \\\text { Cash } & 16,00 \mathrm{C} & 14,400 \\\text { Buildings } & 188,00 \mathrm{C} & 224,000 \\\text { Salaries payable } & 5,800 & 4,400 \\\text { Unearned revenue } & 1,60 \mathrm{C} & 1,800\end{array}$

Additional Information:
Net income for the current year was $78,800,depreciation expense was $53,400,and equipment with a book value of $40,000 was sold for $36,000 cash.
Prepare the operating activities section of the statement of cash flows for the current year using the indirect method.