The income statement and selected balance sheet information for Calendars Incorporated for the year ended December 31 are presented below. Income Statement Sales Revenue Expenses: Cost of Goods Sold Depreciation Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income $ 76,000 35,000 15,800 Salaries and Wages Expense 9,800 2,300 1,200 1,100 900 Selected Balance Sheet Accounts $ 9,900 Inventory Accounts Receivable Accounts Payable Salaries and Wages Payable Utilities Payable Prepaid Rent Prepaid Insurance Required: Ending Balances $ 440 1,700 1,320 570 Beginning Balances $ 510 1,420 1,540 310 100 0 80 70 100 90 Prepare the cash flows from operating activities section of the statement of cash flows using the indirect 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: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Changes in Current Assets and Current Liabilities 69 $ 0 0