The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. $58,600 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 26,we 3,880 10, eee 5,5ee 2,48 2,380 1,989 $ 7,5ee Selected Balance Sheet Accounts Ending Balances Accounts Receivable $ 585 Inventory 898 Accounts Payable 445 Prepaid Rent 35 Prepaid Insurance Salaries and Wages Payable 80 Utilities Payable 3e Beginning Balances $ 630 720 510 25 50 20 Required: Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be Indicated with a minus slgn.) Selected Balance Sheet Accounts Ending Balances Accounts Receivable $ 585 Inventory 890 Accounts Payable 445 Prepaid Rent 35 Prepaid Insurance 30 Salaries and Wages Payable 80 Utilities Payable 30 Beginning Balances $ 630 720 510 25 38 50 2e Required: Prepare the cash flows from operating activities section of the statement of cash flows using the direct 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