Brief Exercise 11-29 Determining Net Cash Flow from Operating Activities

Presented below are selected balance sheet information and the income statement for Burch Company.

Selected Balance Sheet Information
	Dec. 31, 2019		Dec. 31, 2018
Cash	$20,000		$17,500
Accounts receivable	10,500		8,000
Inventory	18,000		21,000
Accounts payable	15,000		10,000
Income taxes payable	1,000		2,500

Burch Company
Income Statement
For the year ended December 31, 2019
Sales	$250,000
Cost of goods sold	(160,000)
Depreciation expense	(15,000)
Other expenses	(35,000)
Income tax expense	(12,000)
Net income	$28,000

Required:

Compute the net cash flows from operating activities using the indirect method. $[Fill in the blank]