Check my work 1 The Income statement and selected balance sheet information for Calendars Incorporated for the year ended December 31 are presented below. Theone Statement Sales Revenue $ 84,000 Expenses: Cost of Goods Sold 39,000 Depreciation Expense 16,600 Salaries and Wages Expense 10,600 Rent Expense 3,100 Insurance Expense 1,600 Interest Expense 1,500 Utilities Expense 1,300 Net Income $ 10,300 Book rint Hences Selected Balance Sheet Accounts Ending Balances Inventory $ 435 Accounts Receivable 2,100 Accounts Payable 1,260 Salaries and Wages Payable 510 Utilities Payable 100 Prepaid Rent 80 Prepaid Insurance 70 Beginning Balances $ 500 1,740 1,420 280 0 100 90 Required: Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated by a minus sign.) sok ences CALENDARS INCORPORATED Statement of Cash Flows (Partial) For the Year Ended December 31 Cash Flows from Operating Activities: Cash Payments for Utilities $ 0