Carpet Town, Inc. Income Statement Year Ended December 31, 2017 Sales Cost of Goods Sold Gross Margin Operating Expenses $70,000 Depreciation Expense 20,000 Income Before Taxes Income Tax Expense Net Income $460,000 190,000 270,000 90,000 180,000 10,000 $170,000 The changes in the current assets and current liabilities for the year ending December 31, 2015 were: Accounts Receivable Inventory Prepaid Insurance Accounts Payable Accrued Expenses Payable Increase $2,000 Income Tax Payable Decrease $10,000 Increase $8,000 Increase $4,000 Increase $14,000 Increase $1.000 Using the direct method, prepare the operating activities section of the statement of cash flows for the year ending December 31, 2017. Please show calculations