The income statement of Booker T Industries Inc. for the current year ended June 30 is as follows: Sales $460,670 Cost of merchandise sold 261,570 Gross profit $199,100 Operating expenses: Depreciation expense $35,350 Other operating expenses 93,450 Total operating expenses 128,800 Income before income tax $70,300 Income tax expense 19,510 Net income $50,790 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) $(10,210) Inventories 3,560 Prepaid expenses (3,400) Accounts payable (merchandise creditors) (7,260) Accrued expenses payable (operating expenses) 1,020 Income tax payable (2,440) 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. Booker T Industries Inc. Cash Flows from Operating Activities Section For the year ended on June 30 Cash flows from (used for) operating activities: Cash received from customers $Cash received from customers Cash paid for merchandise Cash paid for merchandise Cash paid for operating expenses Cash paid for operating expenses Cash paid for income taxes Cash paid for income taxes Net cash flow from operating activities