Portions of the financial statements for PTO Products are provided below: PTO PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2024 \begin{tabular}{|l|r|r|} \hline Sales & & $200,000 \\ \hline Cost of goods sold & & 68,000 \\ \hline Gross margin & & 132,000 \\ \hline Salaries expense & $36,000 & \\ \hline Depreciation expense & 26,000 & \\ \hline Amortization expense & 4,000 & \\ \hline Interest expense & 6,000 & \\ \hline Loss on sale of land & 1,000 & 73,000 \\ \hline Income before taxes & & 59,000 \\ \hline Income tax expense & & 12,000 \\ \hline Net Income & & $47,000 \\ \hline \hline \end{tabular} PTO PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2024 and 2023 Cash Accounts receivable Inventory Accounts payable Salaries payable Interest payable Income tax payable \begin{tabular}{|r|r|} \hline \multicolumn{1}{|c|}{2024} & \multicolumn{1}{|c|}{2023} \\ \hline$29,000 & $28,000 \\ \hline 36,000 & 40,000 \\ \hline 72,000 & 80,000 \\ \hline 34,000 & 32,000 \\ \hline 14,000 & 16,000 \\ \hline 5,000 & 4,000 \\ \hline 8,000 & 6,000 \\ \hline \end{tabular} Required: Prepare the cash flows from operating activities section of the statement of cash flows for PTO Products Company using the direct method. PTO PRODUCTS COMPANY Cash Flows from Operating Activities Cash received from customers Cash paid to suppliers Cash paid to employees Cash paid for interest Cash paid for income taxes Net cash flows from operating activities