Cash Flow From Operations. Household Helpers, a home cleaning service in Oslo, Norway, presents the following summarized financial data in Norwegian krones:

\section*{Required:}
1. Develop the cash flow from operations using the direct method.
2. Comment on the differences between net income and cash flow from operations.

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Revenue........ot Salaries and wages Supplies and other cash expenses Depreciation expense Income taxes Total expenses Net income.... NKr 494,000 NKr 215,000 178,000 14,000 40,000 NKr 447,000 NKr 47,000