The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below $38,600 Income Statement Sales Revenue Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Het Income 16,000 1,000 8,000 3,500 1,400 1,300 900 $6,500 Selected Balance Sheet Accounts Ending Beginning Balances Balanses Accounts Receivable $585 Inventory 790 5630 670 Selected Balance Sheet Accounts Ending Beginning Balances Balances Accounts Receivable $ 585 $ 630 Inventory 790 Accounts Payable 445 510 Prepaid Rent 35 Prepaid Insurance Salaries and Wages Payable Utilities Payable 30 25 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.) 3 Answer is not complete. Check my work mode: This shows what is correct or incorrect for the work X Answer is not complete. DIRECT PRODUCTS COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31 Cash Flows from Operating Activities: Cash Payments for Insurance Cash Payments for Interest Cash Payments for Rent Cash Payments for Salaries and Wages Cash Payments for Utilities Cash Payments to Suppliers Cash Receipts from Customers OOOO 0 Net Cash Provided by Operating Activities