The income statement for Piura Merchandising Corporation is as follows: Other intormation is as follows: A. Accounts payable decreased by $16,500 during the year. B. Accounts receivable increased by $16,000. C. All wages were paid at the beginning of the year; at the end of the year, wages payable had a balance of $13,500. D. Prepaid insurance increased by $26,000 during the year. Required: Prepare a schedule of operating cash flows using the direct method. Cash Flows from Operating Activities, Direct Method Prepare a schedule of operating cash flows using the direct method. (Note: Begin by entering the applicable income statement amounts. In the Adjustments column, if an account has more than one adjustment, enter the total effect of all adjustments in the applicable cell. Use a minus sign to indicate a negative adjustment or a negative cash outflow.)