Presented below are selected balance sheet information and the income statement for Burch Company. Selected Balance Sheet Information Jan. 1 Dec. 31 Cash $16,200 $17,500 Accounts receivable 8,000 10,500 Inventory 24,000 21,000 Accounts payable 10,000 15,100 Income taxes payable 2,500 1,500 Burch Company Income Statement For the year ended December 31 Sales $250,000 Cost of goods sold (160,000) Depreciation expense (18,100) Other expenses (35,000) Income tax expense (12,000) Net income $24,900 Required: Compute the net cash flows from operating activities using the direct method.