The following information is available for XYZ Company:
January 1, 2016 December 31, 2016
ASSETS
Cash $31,000 $24,000
Accounts receivable 74,000 80,000
Supplies 10,000 7,000
Land 40,000 50,000
Equipment 20,000 20,000
Accumulated depreciation 6,000 8,000
Patent 0 7,000
LIABILITIES + EQUITY
Accounts payable $15,000 $19,000
Short-term notes payable 22,000 18,000
Salaries payable 7,000 1,000
Common stock 40,000 50,000
Retained earnings 85,000 92,000
During 2016, XYZ Company paid dividends of $12,000 and recorded depreciation expenseof $2,000.
Using the indirect method, calculate the net cash flow from operating activities for 2016. If your answer is negative, place a minus sign in front of your answer with nospaces in between (e.g., -1234). Do not use decimals in your answer.