er 12 Homework Saved Help Save & Exit Subn my work mode : This shows what is correct or incorrect for the work you have completed so fa does not indicate completion. Return to question The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. Income Statement Sales Revenue $ 57,600 Expenses: Cost of Goods Sold 25,500 Depreciation Expense 2,900 Salaries and Wages Expense 9,900 Rent Expense 5,400 Insurance Expense 2,350 Interest Expense 2,258 Utilities Expense 1,850 Net Income $ 7,45 5a 24 Selected Balance Sheet Accounts Ending Beginning Balances Balances Accounts Receivable $ 580 $ 620 Inventory 900 775 Accounts Payable 440 Prepaid Rent 33 Prepaid Insurance 29 36 Salaries and Wages Payable 82 51 Utilities Payable 28 19 Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. C sect Prepare the cash flows from operating activit using the indirect method. (Amounts to be deducted should be inc sign.) DIRECT PRODUCTS COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: $ $ 7,450 Changes in Current Assets and Current Liabilities $ 7,450