The following information is provided for Green Bay Corporation.

Balance Sheet Accounts 2018 2017

Cash $60,000 $35,000

Accounts Receivable 75,000 60,000

Inventory 30,000 20,000

Buildings 55,000 55,000

Accounts Payable 36,000 25,000

Accrued Payables 4,000 12,000

Accumulated Depreciation Buildings 16,000 9,000

Income Statement Accounts 2018

Sales Revenue $700,000

Cost of Goods Sold 490,000

Operating Expenses 125,000

Net Income 85,000

Additional data:

• Operating expenses include depreciation expense of $7,000.
• Accounts payable are all relevant to payments to suppliers.
• Accrued payables are all relevant to payments for operating expenses.

Instructions:

Prepare the net cash flow from operating activities section of the 2018 statement of cash flows using the direct method. Show all working and calculate payments to suppliers and payments for operating expenses separately.