Mullinix Inc. reported the following information: net income, $40,000; decrease in accounts receivable, $10,000; decrease in accounts payable, $8,000; and depreciation expense, $6,000. What amount did Mullinix report as cash flow from operating activities on its statement of cash flows?

a. $16,000

b. $36,000

c. $48,000

d. $64,000