Information was taken from adjusted trial balance of King Company:

Account Debit Credit

Sales $255,000

Interest Revenue $88,000

Cost of Goods Sold $32,000

Salary Expense $34,000

Interest Expense $56,000

Advertising expense $25,000

Income Tax Expense $78,600

Net income 133,500

In addition, the following changes occurred during the year:

Accounts Receivable $15,000 credit

Inventory $39,000 debit

Accounts Payable $76,000 debit

Salary Payable $67,000 credit

Interest Payable 3,000 credit

Using the direct & Indirect method, prepare the cash flows from operating activities section.