The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. Incone Statement $50,600 Sales Revenue Expenses 22,000 2,200 Coat of Gooda Sold Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense Interest Expense Utilities Expense 9,200 4,700 2,000 1,900 1,500 $ 7,100 Net Income Selected Balance Sheet Accounts Ending Balances Beginning Balances $ 600 Accounts Receivable Inventory Accounts Payable Prepaid Rent Prepaid Insurance Salaries and Wages Payable Utilities Payable $570 970 430 760 480 29 27 96 22 32 58 17 24 Required: 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 with a minus sign.) 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 Penvided hv Oneratinn Artivitias Required: 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 with a minus sign.) 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