A summary of revenues and expenses for Stanton Company for 2008 follows:
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,000,000
Cost of goods manufactured and sold . . . . . . . . . . 2,800,000
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,200,000
Selling, general, and administrative expenses . . . . 2,000,000
Income before income taxes . . . . . . . . . . . . . . . . . . $1,200,000
Income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 520,000
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $680,000
Net changes in working capital accounts for 2008 were as follows:

Depreciation on plant and equipment for the year totaled $600,000; 70% was related to manufacturing activities and 30% to general and administrative activities. Prepare a schedule of net cash provided by (used in) operating activities for the year using the directmethod.

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Debit Credit Cash Trade Accounts Receivable Inventories Prepaid Expenses (selling and general) Accrued Expenses (75% of increase related to manufacturing -__...._...$104.000 400,000 60,000 0.000 activities and 25% to general operating activities) Income Taxes Payable Trade Accounts Payable 32,000 48,000 140.000