Cash Flows from (used for) Operating ActivitiesDirect Method The income statement for Stallion Company for the current year ended June 30 and balances of selected accounts at the beginning and end of the year are as follows:

Cash Flows from (used for) Operating ActivitiesDirect Method

The income statement for Stallion Company for the current year ended June 30 and balances of selected accounts at the beginning and end of the year are as follows:

Sales					$374,500
Cost of merchandise sold					129,500
Gross profit					$245,000
Operating expenses:
	Depreciation expense		$32,400
	Other operating expenses		96,910
		Total operating expenses			129,310
Income before income tax					$115,690
Income tax expense					33,290
Net income					$82,400

	End of Year		Beginning of Year
Accounts receivable (net)	$30,510		$26,260
Inventories	77,670		67,500
Prepaid expenses	12,210		13,320
Accounts payable (merchandise creditors)	56,780		52,710
Accrued expenses payable (operating expenses)	16,090		17,600
Income tax payable	3,700		3,700

Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the direct method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

Stallion Company
Cash Flows from Operating Activities Section
For the year ended on June 30
Cash flows from (used for) operating activities:
Cash received from customers	$fill in the blank 2
Cash paid for merchandise	fill in the blank 4
Cash paid for operating expenses	fill in the blank 6
Cash paid for income taxes	fill in the blank 8
Net cash flow from operating activities	$fill in the blank 9