The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. Income Statement $48,600 Sales Revenue Expenses: Cost of Goods Sold 21,e00 2,000 9,e00 Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense Interest Expense Utilities txpense 4,500 1,900 1,800 1.400 $ 7,000 Net Income Selected Balance Sheet Accounts Beginning Balances S 580 Ending Balances S 560 Accounts Receivable Inventory Accounts Payable Prepaid Rent Prepaid Insurance Salaries and Wages Payable Utilities Payable 770 990 460 420 28 25 28 25 60 108 15 20 DIRECT PRODUCTS COMPANY 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 Total Adjustments