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Following aire the Income statement and some add tonel Information for Carolina Consulting Company. 14, 160 5 8, 108 All sales were on credit: and

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Following aire the Income statement and some add tonel Information for Carolina Consulting Company. 14, 160 5 8, 108 All sales were on credit: and accounts receivable decreased by $1 040 In 2008 compared to 2017. Merchandise purchases were on credit with a decrease In accounts payable of $: 40 during the year. Ending Inventory was $640 larger than beginning Inventory. Income taxes payable Increased $440 during the year. All operating expenses were pald for In cash 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 with a minus sign.} PROMOT EETLE

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