Extracts of the financial statements for the year ended 30 June 2020 reveal the following: 2020 2019 Accounts receivable $215 000 $187 000 (9 000) Allowance for doubtful debts _(15 000) Inventory 125 000 80 000 Deferred tax asset 21 000 17 000 Accounts payable $145 000 $135 000 Accrued interest 15 000 12 000 Other accrued liabilities Provision for employee benefit Current tax liability 23 000 37 000 24 000 41 000 28 000 25 000 Deferred tax liability 32 000 40 000 Sales $1 194 000 _864 000) Cost of sales Gross profit 330 000 Distribution expenses _125 000) Administrative expenses_(100 000) Other expenses _{40 000) Interest expense _(8 000) Profit before tax 57 000 Income tax expense _17 000) Profit for the year $ 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