The Following Income Statement Was Drawn from the Annual Reportincome

The following income statement was drawn from the annual reportincome statement of Gibbons Company for its first year of operations: $\begin{array}{|l|c|}\hline \text {Cash revemue} &\underline { \$ \quad60,000 }\\\hline \text {Depreciation expense} &20,000 \\\hline \text {Accrued interest expense } &6,000 \\\hline \text {Cash operating expense } &\underline { 24,000} \\\hline \text {Operating income} &10,000 \\\hline \text {Gain on the sale of equipment } &\underline { 1,200 }\\\hline \text { Net income } &\underline { \$ \quad11,200} \\\hline \end{array}$ Using the direct method,tThe amount of cash flow fromnet cash flow from operating activities is:equals:

A) $37,200.
B) $26,000.
C) $36,000.
D) $24,800.