The following financial statements were provided by Roberts Company:

Roberts Company

Balance Sheets

At September 30, 20X1 and 20X2

1		20X1	20X2
2	Assets:
3	Cash	$23,000.00	$7,000.00
4	Accounts receivable	7,600.00	9,600.00
5	Inventory	20,800.00	18,000.00
6	Plant and equipment	40,000.00	60,000.00
7	Accumulated depreciation	(10,000.00)	(16,000.00)
8	Total assets	$81,400.00	$78,600.00
9	Liabilities and equity:
10	Accounts payable	$4,800.00	$3,200.00
11	Wages payable	1,200.00	800.00
12	Common stock	50,000.00	50,000.00
13	Retained earnings	25,400.00	24,600.00
14	Total liabilities and equity	$81,400.00	$78,600.00

Roberts Company

Income Statement

For the Year ended September 30, 20X2

1	Sales		$40,000.00
2	Cost of goods sold
3	Beginning inventory	$20,800.00
4	Purchases	26,000.00
5	Ending inventory	(18,000.00)	(28,800.00)
6	Wages expense		(4,000.00)
7	Advertising		(2,000.00)
8	Depreciation expense		(6,000.00)
9	Net income (loss)		$(800.00)

At the end of 20X2, Roberts purchased some additional equipment for $20,000.

	Required:
	Calculate operating cash flows using the direct method.