Balances of the current asset and current liability accounts at the end and beginning of the year are as follows:

	End of the year	Beginning of the year
Cash	$62,000		$73,000
Accounts receivable (net)	75,000		60,000
Inventories	54,000		47,000
Accounts payable (merchandise creditors)	43,000		37,000
Salaries payable	2,800		3,800
Sales (on account)	210,000
Cost of goods sold	70,000
Operating expenses other than depreciation	67,000

Use the direct method to prepare the Cash flows from (used for) operating activities section of a statement of cash flows. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

Cash flows from (used for) operating activities:
Cash received from customersDepreciationNet incomeNet lossSales	$- Select -	blank
Cash payments for merchandiseCollections of accounts receivableNet incomeNet lossPrepaid expenses	- Select -
Cash payments for operating expensesCash received from customersDepreciationNet lossSales	- Select -
Net cash flows from operating activitiesNet cash flows used for operating activities	blank	$- Select -