(L02,3) Bloom Corporation had the following 2017 income statement.

Sales revenue $200,000 Cost of goods sold 120,000 Gross profi t 80,000 Operating expenses (includes depreciation of $21,000) 50,000 Net income $ 30,000 The following accounts increased during 2017: Accounts Receivable $12,000, Inventory $11,000, and Accounts Payable $13,000.

Prepare the cash flows from operating activities section of Bloom’s 2017 statement of cash flows using the direct method.