The Club, Inc. (TCI) presents its statement of cash flows using the indirect method. For the current year the Company reported net income of $212,000. All sales are on account and the balance in the Accounts Receivable account increased by $14,000. The balance in the unearned revenue account decreased by $13,000. Also, the company reported depreciation expense of $35,000 and a gain on the sale of equipment of $16,000. Based on this information alone, the amount of the cash flow from operating activities shown on statement of cash flows is

$212,000.

$204,000.

$162,000.