The independent cases are listed below that includes all items relevant to operating activities:
Case A Case B Case C
Sales revenue $ 70,000 $ 55,000 $ 95,000
Cost of goods sold 35,000 32,000 65,000
Depreciation expense 10,000 2,000 10,000
Other operating expenses 5,000 13,000 8,000
Net income 20,000 8,000 12,000
Accounts receivable increase (decrease) (1,000 ) 4,000 3,000
Inventory increase (decrease) 2,000 0 (4,000 )
Accounts payable increase (decrease) 0 3,000 (2,000 )
Accrued liabilities increase (decrease) 1,000 (2,000 ) 1,000
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Required:
Compute net cash flow from operating activities using the direct method