Determining Net Cash Flow from Operating Activities

Burch Company reported the following items in its balance sheet and income statement: decrease in cash account, $5,000; increase in accounts receivable, $10,000; decrease in inventory, $2,000; increase in accounts payable, $15,000; increase in income taxes payable, $5,000; net income, $45,000; depreciation expense, $5,000.

Required: Compute the net cash flows from operating activities using the indirect method.