M12-14 Computing Cash Flows from Operating Activities (Direct Method) [LO6] 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 (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 -------------------------------------------------------------------------------- Required: Compute net cash flow from operating activities using the direct method. (Omit the "$" sign in your response.)