The income statement of Concord Company is shown below.

CONCORD COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017
Sales revenue				$6,870,000
Cost of goods sold
Beginning inventory		$1,920,000
Purchases		4,370,000
Goods available for sale		6,290,000
Ending inventory		1,600,000
Cost of goods sold				4,690,000
Gross profit				2,180,000
Operating expenses
Selling expenses		450,000
Administrative expenses		700,000		1,150,000
Net income				$1,030,000

Additional information:

1.		Accounts receivable decreased $400,000 during the year.
2.		Prepaid expenses increased $160,000 during the year.
3.		Accounts payable to suppliers of merchandise decreased $260,000 during the year.
4.		Accrued expenses payable decreased $110,000 during the year.
5.		Administrative expenses include depreciation expense of $60,000.

Prepare the operating activities section of the statement of cash flows using the direct method.

CONCORD COMPANY Statement of Cash Flows (Partial) choose the accounting period December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017
select an opening section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Cash Payments to SuppliersIncrease in Accounts ReceivableCash Receipts from CustomersDecrease in InventoryInterest PaidIncrease in InventoryDecrease in Prepaid ExpensesTaxes PaidDecrease in Accounts ReceivableCash Payments for Operating ExpensesDividends ReceivedIncrease in Prepaid Expenses		$enter a dollar amount
select an item Dividends ReceivedDecrease in Prepaid ExpensesTaxes PaidCash Receipts from CustomersDecrease in InventoryDecrease in Accounts ReceivableCash Payments to SuppliersIncrease in Accounts ReceivableIncrease in InventoryIncrease in Prepaid ExpensesInterest PaidCash Payments for Operating Expenses	$enter a dollar amount
select an item Interest PaidCash Payments for Operating ExpensesDividends ReceivedIncrease in Accounts ReceivableIncrease in Prepaid ExpensesIncrease in InventoryTaxes PaidDecrease in InventoryDecrease in Accounts ReceivableCash Payments to SuppliersDecrease in Prepaid ExpensesCash Receipts from Customers	enter a dollar amount
		enter a subtotal of the two previous amounts
select a closing section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		$enter a total amount for the section