Pella Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Pella's 2014 and 2013 year-end balance sheets:
![930_264-B-M-A-S-C-F (2022).png](https://secure.tutorsglobe.com/CMSImages/930_264-B-M-A-S-C-F (2022).png)
The income statement contained a $700 loss on the sale of equipment, a $900 gain on the sale of land, and $2,500 of depreciation expense. Net income for the period was $36,500.
Required:
Prepare the operating activities section of the statement of cash flows.