Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) X Answer is complete but not entirely correct. 481,540 X 4,200 X Statement of Cash Flows (Partial) Cash flows from operating activities Cash paid for inventory $ Amortization expenses-Patents Depreciation expense Gain on sale of equipment Increase in Accounts receivable Increase in Inventory Decrease in Accounts payable Decrease in Salaries payable 44,200 X (6,200) (30,500) (25,000) (12,500) (3,500) X $ 452,240 Net cash provided by operating activities