Comparative statement of financial position accounts of Wildhorse Inc., which follows IFRS, follow:

WILDHORSE INC. Comparative Statement of Financial Position Accounts December 31, 2017, and 2016
		December 31
Debit accounts		2017			2016
Cash		$45,155			$34,050
Accounts receivable		67,090			59,500
Merchandise inventory		30,590			24,500
Long-term investments (FV-NI)		22,880			40,150
Machinery		29,650			18,500
Buildings		67,340			56,000
Land		7,500			7,500
		$270,205			$240,200
Credit accounts
Allowance for doubtful accounts		$915			$165
Accumulated depreciationmachinery		5,565			2,210
Accumulated depreciationbuildings		13,840			9,350
Accounts payable		30,155			24,900
Accrued liabilities		2,360			1,110
Income taxes payable		950			1,450
Long-term note payablenon-trade		26,300			31,300
Common shares		150,000			125,000
Retained earnings		40,120			44,715
		$270,205			$240,200

Additional information: Wildhorse Inc. has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities.

1.		Cash dividends declared during the year were $15,505.
2.		A 20% stock dividend was declared during the year and $25,000 of retained earnings was capitalized.
3.		FV-NI investments that cost $19,700 and had a fair value at December 31, 2016, of $25,300 were sold during the year for $22,910.
4.		Machinery that cost $3,830 and had $750 of depreciation accumulated was sold for $2,180.

Wildhorses 2017 statement of income is as follows:

Sales revenue						$636,000
Less: Cost of goods sold						376,000
Gross margin						260,000
Less: Operating expenses (includes $8,595 depreciation, and $5,400 bad debts)						180,800
Income from operations						79,200
Loss on sale of FV-NI investments			$(2,390	)
Interest expense			(3,000	)
Loss on sale of machinery			(900	)		(6,290	)
Income before taxes						72,910
Income tax expense						(37,000)
Net income						$35,910

Calculate net cash flow from operating activities using the direct method