Easth off, Incorporated provided the following balance sheets and income statement for the current year. Prepare the operating activities section of the cash flow statement using the direct method. Accrued expenses relate to Selling, General and Administrative Expenses.

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Easthoff, Incorporated Balance Shoet At December 31 Morchandse Inventory Property Plant, and Equipment net Total Noncurrent Assets Income Taxes Payabie Total Noncurrent Liabilitios Total Liabilities Common Stock, S1 par value Total Liabilities and Stockholders Equity Easthoff, Incorporated Income Statement For the year ended December 31 Sales Cost of Goods Sold Gross Profit $80,085 48,061 532.034 Selling, General, and Administrative Expenses $10,700 2.400 Depreciation Expense Total Operating Expanses Income Before Interest and Taxes Interest Expense Income Beforo Tax Income Tax Expense Net Income $13,100 18,934 4,000) 14,934 $ 7,600