The income statement for Rhino Company for the current year ended June 30 is as follows: 1 Sales $447,500.00 2 Cost of merchandise sold 158,900.00 3 Gross profit $288,600.00 4 Operating expenses: 5 Depreciation expense $39,030.00 6 Other operating expenses 115,900.00 7 Total operating expenses 154,930.00 8 Income before income tax $133,670.00 9 Income tax expense 39,800.00 10 Net income $93,870.00

The balances of selected accounts at the beginning and the end of the current year are as follows: End Beginning of Year of Year Accounts receivable (net) $36,060 $31,080 Inventories 92,250 79,890 Prepaid expenses 14,070 15,220 Accounts payable (merchandise creditors) 68,600 63,670 Accrued expenses payable (operating expenses) 18,280 20,390 Income tax payable 3,430 3,430

Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the direct method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow, if required.

Amount Descriptions
Cash payments for income taxes
Cash payments for merchandise
Cash payments for operating expenses
Cash received from customers
Decrease in accounts payable
Decrease in accounts receivable
Decrease in accrued expenses payable
Decrease in inventories
Decrease in prepaid expenses
Depreciation
Increase in accounts payable
Increase in accounts receivable
Increase in accrued expenses payable
Increase in inventories
Increase in prepaid expenses
Net cash flow from operating activities
Net cash flow used for operating activities