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Following are the income statement and some additionol information for Carolina Consulting Company All sales were on credit and accounts recelvable decreased by $1,080 in

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Following are the income statement and some additionol information for Carolina Consulting Company All sales were on credit and accounts recelvable decreased by $1,080 in 2024 compared to 2023 . Merchandise purchases were on credit with a decrease in accounts payable of $880 during the yeor. Ending inventoty was $680 larger than beginning inventory. income taxes payabie increased $480 during the yeat. All operating expenses were paid for in cash. Pequired: 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

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