Using financial statement data to determine cash flow from operating activities The following account information is available for Park Company for 2004:

Other Information 1. Sales for the period were $180,000.
2. Purchases of merchandise for the period were $90,000.
3. Insurance expense for the period was $42,000.
4. Other operating expenses (all cash) were $30,000.
5. Salary expense was $35,000.
Required

a. Compute the net cash flow from operating activities.

b. Prepare the cash flow from operating activities section of the statement of cash flows.