5 The Income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. int $49,600 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 21,500 2,100 9,100 4,600 1,950 1,850 1,450 $ 7,050 Selected Balance Sheet Accounts Ending Beginning Balances Balances Accounts Receivable $565 $590 Inventory 980 765 Accounts Payable 425 470 Prepaid Rent 22 21 Prepaid Insurance 26 30 Salaries and Wages Payable 98 59 Utilities Payable 22 16 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 Payments for Insurance ls Cash Payments for interest Cash Payments for Rent Cash Payments for Salaries and Wages Cash Payments for Unities Cash Receipts from Customers 30 % OOOOOO Net Cash Provided by Operating Activities S 30