The Following Balances Were Gathered from Brannon Corporation's General Ledger

The following balances were gathered from Brannon Corporation's general ledger.
$$\begin{array} { | l | r | r | } \hline & \begin{array} { r } \text { December } \\\mathbf { 3 1 , 2 0 1 4 }\end{array} & \begin{array} { r } \text { December } \\\mathbf { 3 1 , 2 0 1 5 }\end{array} \\\hline \text { Accounts receivable } & \$ 60,000& \$ 62,000 \\\hline \text { Inventory } & 150,000 & 147,000 \\\hline \text { Accounts payable } & 42,000 & 3 4 , 0 0 0 \\\hline \text { Accrued liabilities } & 2,000 & 8 , 0 0 0\\\hline \text { Income taxes payable } & 2,000 & 3,000 \\\hline \text { Sales } & 380,000 & \\\hline \text { Cost of goods sold } & 2 1 0 , 0 0 0 & \\\hline \text { Operating expenses includes } \$ 5,000 \text { depreciation } & 8 2 , 0 0 0 & \\\hline \text { Gain on sale of equipment } & 6 , 0 0 0 & \\\hline \text { Income tax expense } & 1 7 , 0 0 0 & \\\hline\end{array}$$ Required:

Using the indirect method, prepare the cash flows provided by operating activities section of Brannon’s statement of cash flows.