Selected information from Oriole Ltd's statement of financial position and income statement is as follows: ORIOLE LTD. Statement of Financial Position (partial) December 31 2018 2017 Current assets Accounts receivable $7,000 $12,600 5,800 4,900 Inventory Prepaid expenses 3,600 2,000 Current liabilities Accounts payable 3,650 2,300 Income tax payable 750 1,500 2,800 Accrued liabilities 1,300 Bank loan payable-current portion 5,500 9,600 ORIOLE LTD. Income Statement Year Ended December 31, 2018 Net sales $180,000 Cost of goods sold 110,000 Gross profit 70,000 Operating expenses 50,000 Income from operations 20,000 Interest expense 1.400 Income before income tax 18,600 Income tax expense 3,100 Net Income $15,500 Additional information: 1. Prepaid expenses and accrued liabilities relate to operating expenses. 2. Accounts payable relate to purchases of merchandise. 3 Operating expenses included depreciation expense of $11,400 and a loss of $5,000 on the disposal of equipment. Prepare the operating activities section of the statement of cash flows, using the direct method. (Show amounts that decrease cash flow with either as eg. 15,000 or in parenthecise.s. (15,000 PUFFY LTD. Statement of Cash Flows-Direct Method Prepare the operating activities section of the statement of cash flows, using the direct method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis es. (15,000)) PUFFY LTD. Statement of Cash Flows-Direct Method Cash payments