Net Cash Flow From Operating Activities – The following is accounting information taken from the Verna Company’s records for 2007:
1. Decrease in accounts payable, $4,600
2. Loss on sale of land, $1,900
3. Increase in inventory, $7,800
4. Increase in income taxes payable, $2,700
5. Net income, $68,400
6. Patent amortization expense, $1,600
7. Extraordinary loss (net), $6,200
8. Decrease in deferred taxes payable, $2,500
9. Amortization of discount on bonds payable, $1,300
10. Payment of cash dividends, $24,000
11. Depletion expense, $5,000
12. Decrease in salaries payable, $1,400
13. Decrease in accounts receivable, $3,500
14. Gain on sale of equipment, $6,100
15. Proceeds from issuance of stock, $57,000
16. Extraordinary gain (net), $3,700
17. Depreciation expense, $10,000
18. Amortization of discount on investment in bonds, $1,500
Required
Prepare the net cash flow from operating activities section of the 2007 statement of cash flows for the Verna Company.