Selected information from Carla Vista Ltd.'s statement of financial position and statement of income is as follows: CARLA VISTA LTD. Statement of Financial Position (partial) December 31 2021 2020 Current assets Accounts receivable $7,300 $12,600 Inventory 6,400 5,000 Prepaid expenses 4,800 1,800 Current liabilities Accounts payable 3,650 2,300 Income tax payable 1,800 500 Property tax payable 2,900 1,400 Bank loan payable-current portion 5,100 9,600 CARLA VISTA LTD. Statement of Income Year Ended December 31, 2021 CARLA VISTA LTD. Statement of Income Year Ended December 31, 2021 Sales $180,000 Cost of goods sold 113,000 Gross profit 67,000 Operating expenses 58,000 Income from operations 9,000 Interest expense 1,300 Income before income tax 7,700 Income tax expense 3,400 Net income $4,300 Additional information: 1. The bank loan was received in the past to finance the purchase of equipment. 2. Operating expenses included depreciation expense of $11,700 and a loss of $5,100 on the disposal of equipment. Prepare the operating activities section of the statement of cash flows, using the direct method. Prepare the operating activities section of the statement of cash flows, using the direct method. Cash payments PUFFY LTD. Statement of Cash Flows +A A +A $