Cash Flowis from Oporating Activitias-Direct Mathod The income statement of Booker T Industries Inc. for the current year ended June 30 is as follows Sales 5588,010 Cost of goods sold 333,870 Gross profit $254,140 Operating expenses: Depreciation expense $45,120 Other operating expenses 119.290 Total operating expenses 164,410 Income bafore income tax 589,730 24,900 Income tax expense 564,930 Net income Changes in the balances of selected accounts from the beginning to the end of the current year are as follows: Increase/ Decrease Accounts racaivable (net) $(13,030) 4,540 (4,340) Propaid axpanses Accounts payable (merchandise creditors) (9,270) Accrued axpenses payable (oparating sxpansas) 1,300 Income tax payable (3,110) a. Propare the Cash Flows from Operating Activitios saction of the stabement of cash flows, using the direct mathod. Use tha minus sign to indicate cash out flows, cash payments, decraases in cash, or any negativo adjustments Booker T Industries Inc. Cash Flows from Operating Activities Section For the year andad on June 30 Cash flows from operating activibies Net cash flow from operating activities