The income statement for Rhino Company for the current year ended June 30 is as follows:

1	Sales		$445,500.00
2	Cost of merchandise sold		154,000.00
3	Gross profit		$291,500.00
4	Operating expenses:
5	Depreciation expense	$38,500.00
6	Other operating expenses	115,280.00
7	Total operating expenses		153,780.00
8	Income before income tax		$137,720.00
9	Income tax expense		39,600.00
10	Net income		$98,120.00

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)	$36,300	$31,240
Inventories	92,400	80,300
Prepaid expenses	14,520	15,840
Accounts payable (merchandise creditors)	67,540	62,700
Accrued expenses payable (operating expenses)	19,140	20,900
Income tax payable	4,400	4,400

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. Deduct, Add or colons (:) will automatically appear if required.