You Are Preparing a Statement of Cash Flows

You are preparing a Statement of Cash Flows. Complete the following schedule to compute cash flow from operating activities:
Statement of Cash Flows $\begin{array}{|l|l|}\hline \text { Net Income (accrual basis), } \$ 50,000 & \$ \\\hline \text { Adjustments to reconcile net income to cash from operating activities: } & \\\hline \text { (a) Depreciation expense, } \$ 8,000 & \\\hline \text { (b) Inventory increase, } \$ 5,000 & \\\hline \text { (c) Wages payable decrease, } \$ 6,000 & \\\hline \text { (d) Accounts receivable decrease, } \$ 10,000 & \\\hline \text { (e) Accounts payable increase, } \$ 7,000 & \\\hline \text { (f) Cash dividends declared and paid, } \$ 4,000 & \\\hline \text { (g) Increase in income tax payable, } \$ 3,000 & \\\hline \text { (h) Gain on sale of capital assets, } \$ 1,000 \text {; book value, } \$ 7,500 & \\\hline \text { (i) Payment on long-term note, } \$ 20,000 & \\\hline \text { Cash flow from operating activities } & \$ \\\hline\end{array}$