Check my work An income statement for Hamilton Corporation follows: $360,000 points $ 48,000 228,000 (168,000) eBook Revenues from sales of products Cost of goods sold: Beginning inventory Purchases Ending inventory Depreciation expense Gain on retirement of bonds Salary expense Insurance expense Income tax expense Net income Print (108,000) (54,000) 60,000 (42,000) (6,000) (36,000) $ 174,000 References Additional Information: a. Decrease in accounts receivable, $36,000. b. The prepaid insurance account increased by $4,800 during the year. c. Included in salary expenses are salaries of $9,600 accrued at the end of the year, no salaries were unpaid at the beginning of the year. d. The bonds payable had a book value of $240,000 at the date of retirement. e. Increase in accounts payable, $21,000. Required: Prepare a schedule showing the net cash flows generated by the operating activities of Hamilton Corporation. Use the direct method. Intar all ancmarc ac nncitiva valuac c. Included in salary expenses are salaries of $9,600 accrued at the end of the year; no salaries were unpaid at the beginning of the year. d. The bonds payable had a book value of $240,000 at the date of retirement. e. Increase in accounts payable, $21,000. eBook Print References Required: Prepare a schedule showing the net cash flows generated by the operating activities of Hamilton Corporation. Use the direct method. (Enter all answers as positive values.) Amount Cash Flow Cash flow from operating activities: Cash received from customers Cash paid for income taxes Net cash provided by operating activities