4 The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. Income Statement 5 Sales Revenue points Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income Selected Balance Sheet Accounts $ 43,600 18,500 1,500 8,500 4,000 1,650 1,550 1,150 $ 6,750 Ending Balances Beginning Balances Accounts Receivable $ 585 $ 630 Inventory 840 695 Accounts Payable 445 510 Prepaid Rent 35 25 Prepaid Insurance 30 38 Salaries and Wages Payable 70 45 Utilities Payable 30 20 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.) Answer is not complete. DIRECT PRODUCTS COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31 Cash Flows from Operating Activities: Cash Receipts from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Cash Payments for Rent Cash Payments for Insurance Cash Payments for Utilities Cash Payments for Interest 0