Azure Corporation had the following 2014 income statement data:
Sales ........................................................................ $205,000
Cost of goods sold ....................................................... 120,000
Gross profit ............................................................... 85,000
Operating expenses (includes depreciation of $21,000) ............ 50,000
Net income................................................................. $ 35,000
The following accounts increased during 2014 by the amounts shown: Accounts Receivable, $17,000; Inventory, $11,000; Accounts Payable, $13,000; Mortgage Payable, $40,000. Prepare the cash flows from operating activities section of Azure's 2014 statement of cash flows using the direct method.