The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are as follows $49,000 Income Statement Sales Revenue Expenses: Cost of Goods Sold Depreciation Expense Salaries Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income 19,600 4,800 9,850 7,200 2,700 2,100 1.000 2.03 $ 1,750 730 Selected balance sheet Accounts Ending Beginning Balances Balances Accounts Receivable $ 650 $ 975 Merchandise Inventory 1,310 Prepaid Rent 113 96 Prepaid Insurance 30 50 Accounts Payable 510 535 Salaries Payable 127 111 Utilities Payable 66 25 Denned 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.) DIRECT PRODUCTS COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31 Cash flows from operating activities 16 Adjustments to reconcile net income to net cash provided by operating activities Net cash provided (used) by operating activities 5 0