38. 400 points The income statement and selected balance sheet information for Calendars Incorporated for the year ended December 31 is presented below. $80,000 Sales Revenue Cost of Goods Sold 37,000 Depreciation Expense 16,200 Expense 10,200 Rent Expense 2,700 Insurance Expense 1,400 Interest Expense 1.300 Utilities Expense 1,100 Net Income $10,100 Selected Balance Sheet Accounts Ending Beginning Balances Balances Inventory 440 510 1,580 Accounts Receivable Accounts Payable 1,220 1,340 Salaries and Wages Payable 470 Utilities Payable 120 Prepaid Rent 110 Prepaid insurance Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated by a minus sign.) NDARS INCORPORATED Statement of Cash Flows (Partial) For the Year Ended December 31 Cash Flows from Operating Activities MacBook Ai