3 marks The 2020 accounting records of Outdoor Adventures Ltd reveal the following transactions and events. Payment of interest $15 000 Cash sales 60 000 Receipt of dividend revenue 14 000 Payment of income tax 16 000 Profit 38 000 Payment of accounts payable for inventory 100 000 Payment for land 74 000 Collection of accounts receivable $190 000 Payment of salaries and wages 68 000 Depreciation expense 16 000 Proceeds from sale of aircraft 812 000 Purchase of equipment for cash 22 000 Loss on sale of aircraft 3 000 Payment of dividends 14 000 Payment of operating expenses 20 000 What is the cash flow from operating activities section of the statement of cash flows using the direct method. (Not all of the items will be used.) Select one: a. $45,000 b. $29,000 c. -$145,000 d. $31,000