(Appendix 11A) Determining Net Cash Flow from Operating ActivitiesDirect Method Presented below are selected balance sheet information and the income statement for Burch Company. Selected Balance Sheet Information Jan. 1 Dec. 31 Cash $9,500 $17,500 Accounts receivable 8,000 10,500 Inventory 23,900 21,000 Accounts payable 10,000 13,000 Income taxes payable 2,500 1,000 Burch Company Income Statement For the year ended December 31 Sales $250,000 Cost of goods sold (160,000) Depreciation expense (15,300) Other expenses (35,000) Income tax expense (12,000) Net income $27,700 Required: Compute the net cash flows from operating activities using the direct method. $fill in the blank 1