The income statement of Booker T Industries Inc. for the current year ended June 30 is as follows:

Sales					$414,680
Cost of merchandise sold					235,460
Gross profit					$179,220
Operating expenses:
	Depreciation expense		$31,820
	Other operating expenses		84,120
		Total operating expenses			115,940
Income before income tax					$63,280
Income tax expense					17,560
Net income					$45,720

Changes in the balances of selected accounts from the beginning to the end of the current year are as follows:

	Increase Decrease
Accounts receivable (net)	$(9,190)
Inventories	3,200
Prepaid expenses	(3,060)
Accounts payable (merchandise creditors)	(6,540)
Accrued expenses payable (operating expenses)	910
Income tax payable	(2,190)

Question Content Area

a. Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the direct method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.