$58,600 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 26,000 3,000 10,000 5,500 2,400 2,300 1,900 $ 7,500 Selected Balance Sheet Accounts Ending Balances Accounts Receivable $ 585 Inventory 890 Accounts Payable 445 Prepaid Rent 35 Prepaid Insurance 30 Salaries and Wages Payable 80 Utilities Payable 30 Beginning Balances $ 630 720 510 25 38 50 20 Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) DIRECT PRODUCTS COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31 Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Total Adjustments 0 $ 0