Problem 21-155 Following are the income statement and some additional information for Carolina Consulting Company Carolina Consulting Company Income Statement For the Year Ended December 31, 2018 $10,000 1,500) Cost of goods sold Gross margin Operating expenses Depreciation expense Income before taxes 8,500 $2,000 900 (2,900) 5,600 1,600 $4,000 taxes Net income All sales were on credit and accounts receivable decreased by $900 in 2018 compared to 2017. Merchandise purchases were on credit with a decrease in accounts payable of $700 during the year. Ending inventory was $500 larger than beginning inventory. Income taxes payable increased $300 during the year. All operating expenses were paid for in cash. Required Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Cash F K Prex 2 of 2El Next>