Carla Vista Ltd. is a private company reporting under ASPE. Its income statement and changes in current assets and current liabilities for the year are reported below: CARLA VISTA LTD. Income Statement Year Ended December 31, 2021 Sales $606,720 313,600 293,120 $198,400 32,000 (6,400) 224,000 Cost of goods sold Gross profit Operating expenses Depreciation expense Gain on sale of equipment Profit before income tax Income tax expense Profit Changes in current assets and current liabilities were as follows: Accounts receivable Inventory Prepaid expenses Accounts payable Dividends payable Income taxes payable 69,120 19,200 $49,920 decrease increase increase $23,040 12,160 1,280 7,680 3,200 2,560 decrease decrease decrease Prepare the operating activities section of the cash flow statement using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) CARLA VISTA LTD. Cash Flow Statement (Partial) Year Ended December 31, 2021 Operating Activities $ $ Net Cash Provided by Operating Activities $ 74880