Portions of the financial statements for a company are provided below. Net sales Expenses: Income Statement For the year ended December 31, Year 2 Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income $1,130,000 640,000 58,000 48,000 $2,000,000 1,876,000 $ 124,000 Selected Balance Sheet Data December 31 Increase (I) or Year 2 Year 1 Decrease (D) Cash $110,000 $89,000 $21,000 (I) Accounts receivable 45,800 53,000 7,200 (0) Inventory 53,000 59,000 24,000 (1) Prepaid rent 3,800 6,600 2,800 (0) Accounts payable 53,000 41,000 12,000 (1) Income tax payable 5,800 14,000 8,200 (D) Required: Prepare the operating activities section of the statement of cash flows for the company using the direct method (List cash outflows and any decrease in cash as negative amounts.) Statement of Cash Flows (partial) For the Year Ended December 31, Year 2 Cash flows from operating activities Net cash flows from operating activities S 0