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Carr Corporation's comparative balance sheet and income statement for last year appear below: The company declared and paid $98,460 in cash dividends during the year.

image text in transcribedimage text in transcribed Carr Corporation's comparative balance sheet and income statement for last year appear below: The company declared and paid $98,460 in cash dividends during the year. It did not dispose of any property, plant, and equipment during the year. Required: Prepare the operating activities section of the company's statement of cash flows for the year using the direct method. (Enter all amounts as positive values except for adjustments to cash basis that are deducted.) Required: Prepare the operating activities section of the company's statement of cash flows for the year using the direct method. (Enter all amounts as positive values except for adjustments to cash basis that are deducted.)

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