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 $1,030,000 540,000 48,000 38,000 $1,750,000 1,656,000 $ 94,000 Selected Balance Sheet Data December 31 Increase (I) or Year 2 Year 1 Decrease (D) Cash $100,000 $84,000 $16,000 (I) Accounts receivable 46,200 50,000 3,800 (D) Inventory 73,000 54,000 19,000 (I) Prepaid rent 2,800 4,600 1,800 (D) Accounts payable 43,000 Income tax payable 4,800 36,000 9,000 7,000 (I) 4,200 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 $ 0