The income statement and selected balance sheet information for Calendars Incorporated for the year ended December 31 is presented below.

Income Statement

Sales Revenue

$

75,000

Expenses:

Cost of Goods Sold

34,500

Depreciation Expense

15,700

Salaries and Wages Expense

9,700

Rent Expense

2,200

Insurance Expense

1,150

Interest Expense

1,050

Utilities Expense

850

Net Income

$

9,850

Selected Balance Sheet Accounts

Ending Balances

Beginning Balances

Inventory

$

445

$

520

Accounts Receivable

1,650

1,380

Accounts Payable

1,330

1,560

Salaries and Wages Payable

580

315

Utilities Payable

110

0

Prepaid Rent

90

120

Prepaid Insurance

65

80

Required:

Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated by a minus sign.)

CALENDARS INCORPORATED
Statement of Cash Flows (Partial)
For the Year Ended December 31
Cash Flows from Operating Activities:
	$0