=+Beginning End of Year of Year Accounts receivable (net) . . . . . . . . . . . . . . . . . . . . . . . $16,300 $14,190 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41,900 36,410 Prepaid expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,600 7,260 Accounts payable (merchandise creditors) . . . . . . . . 30,690 28,490 Accrued expenses payable (operating expenses) . . . 8,690 9,460 Income tax payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,650 1,650 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the direct method.