Following are the income statement and some additional information for Carolina Consulting Company.

Carolina Consulting Company

Income Statement

For the Year Ended December $31,2024$

Net sales $ $10,500$

Cost of goods sold $(1,600)$

Gross margin $8,900$

Operating expenses $ $2,100$

Depreciation expense $950(3,050)$

Income before taxes $5,850$

Income taxes $(1,700)$

Net income $ $4,150$

All sales were on credit and accounts receivable decreased by $$910$ in $2024$ compared to $2023.$ Merchandise purchases were on credit with a decrease in accounts payable of $$710$ during the year. Ending inventory was $$510$ larger than beginning inventory. Income taxes payable increased $$310$ during the year. All operating expenses were paid for in cash.

Required:

Prepare the cash flows from operating activities section of the statement of cash flows using the direct method.

Note: Amounts to be deducted should be indicated with a minus sign.