Selected financial statement information is reported below for Cameron Corporation for the year ended December 31, 2012.
Sales....$400,000
Cost of goods sold....$220,000
Depreciation expense....$30,000
Wages expense....$34,000
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Net income....$90,000
Dividends paid....$20,000
Account Balances..........Dec 31, 2012..........Dec 31, 2011
Cash.............................$25,000.................$37,000
Accounts receivable.......$30,000.................$40,000
Inventory.......................$35,000.................$26,000
Wages payable .............$10,000..................$8,000
Using the above data, determine the cash flow from operating activities for the year using the direct method. Show your work.