The income statement and selected balance sheet information for Calendars Incorporated for the year ended December 31 is presented below Income Statement $81,000 Sales Revenue Expenses Cost of Goods Sold Depreciation Expense Salaries and wages Expense Rent Expense Insurance Expense Interest Expense Utilities Expense 37,500 16,300 10,300 2,800 1,450 1,350 1,150 Net Income $10,150 Selected Balance Sheet Accounts Ending Beginning Balances Balances Inventory Accounts Receivable Accounts Payable Salaries and Wages Payable Utilities Pavable Prepaid Rent Prepaid Insurance $ 445 1,950 1,230 480 100 80 70 $ 520 1,620 1,360 265 100 90 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 Cash Payments for Insurance