. Monty Corporation reported the following income statement in condensed for 2016:

Sales		$ 500,000
Cost of Goods Sold		(280,000)
Gross Profit		220,000
Operating Expenses:
Depreciation expense	$ 15,000
Salaries Expense	13,000
Rent Expense	10,000
Insurance Expense	5,000	(43,000)
Income before taxes		$ 177,000
Income tax expense		(61,950)
Net Income		$ 115,050

During 2016, the following changes occurred in the company's current assets and current liabilities:

	Increase (Decrease)
Cash	$ 19,850
Account Receivable	(6,750)
Inventories	5,600
Accounts Payable	(2,800)
Salaries Payable	1,750

Required: By visual the inspection method prepare the net cash flows from the operating activities using the following direct method.