The Following Income Statement Was Drawn from the Income Statement

The following income statement was drawn from the income statement of Gibbons Company for its first year of operations: Using the direct method, the net cash flow from operating activities equals:
$$\begin{array} { | l | r | } \hline \text { Cash revenue } & \$ 60,000 \\\hline \text { Depreciation expense } & 20,000 \\\hline \text { Accrued interest expense } & 6,000 \\\hline \text { Cash operating expense } & 24,000 \\\hline \text { Operating income } & 10,000 \\\hline \text { Gain on the sale of equipment } & 1,200 \\\hline \text { Net income } & \$ 11,200 \\\hline\end{array}$$

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