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Following are the income statement and some additional information for Carolina Consulting Company 15 Incone Statesent Set sales Cost of goods sold Gross margin Operating

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Following are the income statement and some additional information for Carolina Consulting Company 15 Incone Statesent Set sales Cost of goods sold Gross margin Operating expensers Depreciation expense Income before taxes Income taxes $16,500 (2,800 13 700 nts $3,300 4,850 s 8so 2,900 s 5,950 01:2217 Set income All sales were on credit and accounts receivable decreased by $1,030 in 2018 compared to 2017. Merchandise purchases were on credit with a decrease in accounts payable of $830 during the year. Ending inventory was $630 larger than beginning inventory Income taxes payable increased $430 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. (Amounts to be deducted should be indicated with a minus sign.) Cash Flows from Operating Actvities Nt cash fows from operaling acties

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