Presented below is the income statement of Cowan, Inc.: Sales revenue $380,000 Cost of goods sold 225,000 Gross profit $155,000 Operating expenses 95,000 Income before income taxes $ 60,000 Income taxes 24,000 Net income $ 36,000 In addition, the following information related to net changes in working capital is prevented: Debit Credit Cash $12,000 Accounts receivable 25,000 Inventories $19,400 Salaries payable (operating expenses) 8,000 Account payable 14,000 Income taxes payable 3,000 The company also indicates that depreciation expense for the year was $ 16,700 and that the deferred tax liability account increased $2,600. Instructions In the schedule below, fill in the cash flow items for the operating activities of the statement of cash flows using the direct method. Cash flows from operating activities Cash received from customers Cash received from customers Operating expenses paid Taxes paid Net cash provided by operating activities