Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for the 2021 fiscal year was $624,000. Depreciation and amortization...

Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for the 2021 fiscal year was $624,000. Depreciation and amortization expense of $87,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash:

Decrease in accounts receivable                                                 $22,000
Increase in inventory                                                                       9,200
Increase prepaid expenses                                                              8,500
Increase in salaries payable                                                           10,000
Decrease in income taxes payable                                                 14,000

Required:
Prepare the operating activities section of the 2021 statement of cash flows.