18 $488,000 314,000 174,000 Cost of goods sold Gross profit Operating expenses Depreciation expense Other expenses Income before taxes $37,600 t 4 of 4 89,100 126,700 47,300 17,300 Income taxes expense $ 30,000 Net income nts Use the above balance sheet and income statement to prepare the cash provided (used) from operating activities section by direct method. (Amounts to be deducted should be indicated with a minus sign.) Next > of 18 Prev