2. The income statement for Wholly Bagel Company for the current year ended June 30 and balances of selected accounts at the beginning and the end of the year are as follows: Sales $184000 Cost of merchandise sold 67000 Gross profit 117000 Operating expense Depreciation expense $14500 Other operating expenses 49000 Total operating expenses 63500 Income before income tax 53500 Income tax expense 15400 Net income 38100 End of Year Beginning of the Year Accounts receivable $14800 $12900 Inventories 38100 33100 Prepaid expenses 6000 6600 Accounts payable 279000 25900 Accrued expenses 7900 8600 Income tax payable 1500 1500 Prepare the cash flows from operating activities section of the statement of cash flows using the direct method