2019 $135 000 12 000 2020 Accounts payable $145 000 Accrued interest 15 000 Other accrued liabilities 23 000 Provision for employee benefit 37 000 Current tax liability 28 000 Deferred tax liability 32 000 24 000 41 000 25 000 40 000 Sales Cost of sales Gross profit Distribution expenses Administrative expenses Other expenses Interest expense Profit before tax Income tax expense Profit for the year $1 194 000 (864 000) 330 000 (125 000) (100 000) (40 000) (8 000) 57 000 (17 000) $ 40 000 Additional information: Distribution expenses includes depreciation expense on machines of $15 000 Other expenses includes bad debts expense of $8000, and a loss on sale of machine of $12 000 Required: Prepare Cash Flows from Operating Activities using the direct method of presentation. You must show all working out, however it should appear separate from the correctly presented statement