Bamboo Co. Limited had a profit after tax of $75 000 for the financial year. Included in this profit was: i) depreciation expense of $22 000; and ii) gain on sale of investments of $6 000. Also, accounts receivable increased by $26 000 and inventories decreased by $8 000. The cash flow from operating activities during the year was:

Select one:

a. $82 000

b. $73 000

c. $78 000

d. $48 000