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 Jan. 1 Dec. 31 Cash $11,200 $17,500 Accounts receivable 8,000 10,500 Inventory 24,700 21,000 Accounts payable 10,000 12,900 Income taxes payable 2,500 1,300 < Sales Burch Company Income Statement For the year ended December 31 Cost of goods sold Depreciation expense Other expenses $250,000 (160,000) (27,800) (35,000)