Chapter 6, Problem 6.25BE

Statement of Cash Flows, Indirect Method. Tennis Emporium provided the following information for the current year.

Tennis Emporium Statement of Net Income for the Current Year Ended	Amount
Sales	$767,000
Depreciation Expense	(52,000)
Selling, General, and Administrative Expanses	(688,000)
Operating Income	27,000
Tax Expense	(6,000)
Net Income	$21,000
Changes in Balance Sheet Accounts
Increase in Accounts Receivable	$10,000
Increase in Accounts Payable (Related to Selling, General, and Administrative Expenses)	$ 5,000
Decrease in Income Taxes Payable	$ 3,000

Compute the net cash flow from operating activities for Tennis Emporium under the indirect reporting format.