The income statement and selected balance sheet inf presented below Income statement $72,000 Sales Revenue Expenses: Cost of Goods Sold Depreciation Expense 33,000 15,400 Salaries and Wages Expense 9,400 1,900 1,000 900 700 $9,700 Rent Expense Insurance Expense Interest Expense utilities Expense Net Income Selected Balance Sheet Accounts EndingBe Balances B $ 435 Inventory Accnuntc Raroivahlo 1 5a0 Prev Interest Expense utilities Expense 1, 00 900 700 $9,700 Net Income Selected Balance sheet Accounts EndingBeginning Balances Balances Inventory Accounts Receivable Accounts Payable $ 435 1,500 1,360 Salaries and Wages Payable 610 110 90 65 $ 500 1,260 1,620 330 0 120 80 utilities Payable Prepaid Rent Prepaid Insurance equired: repare the cash flows from operating activities section of the stat leducted should be indicated by a minus sign.) K Prev 8 of 8 l PeopleSoft 5 Saved ALENDARS INCORPORATED Statement of Cash Flows (Partial) For the Year Ended December 31 Cash Flows from Operating Activities Adjustments to Reconcile Net Income to Net Cash Provided Prev 801 8