attempt. Use the following income statement and information about changes in non-cash current assets and current liabilities to present the cash flows from operating activities using the direct method: (List any deduction in cash and cash outflows as negative amounts.) Opal Resources Corp. Income Statement For Year Ended December 31, 2023 Sales $485,400 Cost of goods sold 238,000 Gross profit from sales $247,400 Operating expenses Salaries expense $66,876 Depreciation expense 11,540 Rent expense 9,780 Amortisation expense, patents 1,460 Utilities expense 5,500 Total operating expenses 95,156 Gain on sale of equipment Profit from operations 1,940 $154,184 Income taxes Profit 3,600 $150,584 Changes in current asset and current liability accounts during the year were as follows: Accounts receivable Merchandise inventory Accounts payable Salaries payable $11,200 increase 7,600 increase 4,000 decrease 1,600 decrease