From the following information, calculate cash flow from operating activities using direct method. Statement of Profit and Loss for the year ended on March 31, 2017 Revenue from operations 2,20,000 Other Income -0- Total revenue 2,20,000 Expenses: Cost of materials consumed 1,20,000 Employees benefits expenses 30,000 Depreciation 20,000 Other expenses: Insurance Premium 8,000 Total expenses 1,78,000 Profit before tax 42,000 Profit before tax 42,000 Less Income tax (10,000) Profit after tax 32,000 Additional information: April 01, 2016 March 31, 2017 Accounts receivables 33,000 36,000 Accounts payables 17,000 15,000 Inventory 22,000 27,000 Employees benefits payable 2,000 3,000 Prepaid insurance 5,000 5,500 Income tax payable 3,000 2,000