Pronghorn Corporation had the following 2020 income statement.

Sales revenue		$214,000
Cost of goods sold		110,000
Gross profit		104,000
Operating expenses (includes depreciation of $21,000)		53,000
Net income		$51,000

The following accounts increased during 2020: Accounts Receivable $13,000, Inventory $11,000, and Accounts Payable $13,000. Prepare the cash flows from operating activities section of Pronghorns 2020 statement of cash flows using the direct method.

Pronghorn Corporation Statement of Cash Flows-Direct Method (Partial) choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
select an opening section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an opening subsection name Cash Received from CustomersIncrease in InventoryCash Payment for Operating ExpensesDecrease in Accounts ReceivableDecrease in InventoryIncrease in Accounts PayableDecrease in Accounts PayableIncrease in Accounts ReceivableDepreciation ExpenseCash Payment to SuppliersNet Income		$enter a dollar amount
select an item Cash Payment for Operating ExpensesIncrease in Accounts ReceivableDepreciation expenseDecrease in Accounts PayableIncrease in InventoryIncrease in Accounts PayableNet IncomeCash Received from CustomersDecrease in InventoryCash Payment to SuppliersDecrease in Accounts Receivable	$enter a dollar amount
select an item Cash Received from CustomersIncrease in Accounts ReceivableDecrease in InventoryDecrease in Accounts PayableDecrease in Accounts ReceivableCash Payment for Operating ExpensesIncrease in InventoryNet IncomeDepreciation expenseIncrease in Accounts PayableCash Payment to Suppliers	enter a dollar amount
		enter a subtotal of the two previous amounts
select a closing section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		$enter a total amount for this section