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9.

Portions of the financial statements for Software Associates are provided below.

SOFTWARE ASSOCIATES Income Statement For the year ended December 31, 2015
Net sales		$	660,000
Expenses:
Cost of goods sold	$395,000
Operating expenses	125,000
Depreciation expense	32,500
Income tax expense	46,500
Total expenses			599,000
Net income		$	61,000

SOFTWARE ASSOCIATES
Selected Balance Sheet Data
December 31, 2015, compared to December 31, 2014
Decrease in accounts receivable	$9,500
Decrease in inventory	12,500
Increase in prepaid rent	2,500
Decrease in salaries payable	3,500
Increase in accounts payable	6,500
Increase in income tax payable	7,500

Required:

Prepare the operating activities section of the statement of cash flows for Software Associates using thedirectmethod.(List cash outflows as negative amounts.)