Chapter 6, Problem 6.7E

Statement of Cash Flows, Indirect Method. Tulsa Corporation provided you with the following information for the current year.

Tulsa Corporation Statement of Net Income for the Current Year Ended
Sales	$45,700
Depreciation Expense	(1,800)
Selling, General, and Administrative Expenses	(21,000)
Loss on Sale of Equipment	(3,000)
Other Income	400
Income before Taxes	20,300
Tax Expense	(6,090)
Net Income	$14,210
Changes in Balance Sheet Accounts	Amount
Decrease in Accounts Receivable	$ 2,300
Increase in Accounts Payable	900
Increase in Income Taxes Payable	1,600

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