The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. Income Statement Sales Revenue Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income $ 55,600. 24,500 2,700 9,700 5,200. 2,250 2,150 1,750 $7,350 Selected Balance Sheet Accounts Ending Balances Beginning Balances Accounts Receivable Inventory $ 570 920 $ 600 735 Accounts Payable 430 480 Prepaid Rent 29 22 Prepaid Insurance 27 32 Salaries and Wages Payable. 86 Utilities Payable 24 53 17 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.) Answer is complete but not entirely correct. DIRECT PRODUCTS COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31 Cash Flows from Operating Activities: S 7,350 Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation Expense Changes in Current Assets and Current Liabilities 2,700 Increase in Accounts Receivable 30 Increase in Prepaid Insurance 5 Increase in Salaries and Wages Payable 33 Increase in Utilities Payable 70 Decrease in Inventory x (185) Decrease in Accounts Payable (50) Decrease in Prepaid Rent (7) Net Cash Provided by Operating Activities 9,883