4 $39,600 6 Income Statement Sales Revenue Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income 16,500 1,100 8,100 3,600 1.450 1,350 950 $ 6,550 ped Selected Balance Sheet Accounts Ending Balances Accounts Receivable $ 580 Inventory 800 Accounts Payable 440 Prepaid Rent 33 Prepaid Insurance 29 Salaries and Wages Payable 62 Utilities Payable 28 Beginning Balances $ 620 675 500 24 36 41 19 Required: 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 with a minus sign.) Required: 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 with a minus sign.) ed DIRECT PRODUCTS COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31 Cash Flows from Operating Activities