The net income for World Class Corporation was $140 million for the year ended December 31, 2016. Related information follows:


Amortization of patent, $1 million.

Cash dividends paid, $14 million.

Decrease in accounts receivable, $9 million

Decrease in salaries payable, $1 million.

Depreciation expense, $20 million.

Increase in long-term notes payable, $13 million.

Sale of preferred stock for cash, $17 million.


Cash flows from operating activities during 2016 should be reported as: