The income statement of Coronado Company is shown below.

CORONADO COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
Sales revenue				$6,870,000
Cost of goods sold
Beginning inventory		$1,890,000
Purchases		4,360,000
Goods available for sale		6,250,000
Ending inventory		1,620,000
Cost of goods sold				4,630,000
Gross profit				2,240,000
Operating expenses
Selling expenses		450,000
Administrative expenses		700,000		1,150,000
Net income				$1,090,000

Additional information:

1.		Accounts receivable decreased $340,000 during the year.
2.		Prepaid expenses increased $170,000 during the year.
3.		Accounts payable to suppliers of merchandise decreased $260,000 during the year.
4.		Accrued expenses payable decreased $100,000 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.

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

CORONADO COMPANY Statement of Cash Flows (Partial) choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
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 Receipts from CustomersDecrease in Prepaid ExpensesIncrease in Accounts ReceivableCash Payments to SuppliersDecrease in InventoryDecrease in Accounts ReceivableDividends ReceivedTaxes PaidInterest PaidCash Payments for Operating ExpensesIncrease in Prepaid ExpensesIncrease in Inventory		$enter a dollar amount
select an item Dividends ReceivedDecrease in Prepaid ExpensesCash Payments for Operating ExpensesCash Receipts from CustomersIncrease in InventoryInterest PaidIncrease in Prepaid ExpensesCash Payments to SuppliersDecrease in Accounts ReceivableIncrease in Accounts ReceivableTaxes PaidDecrease in Inventory	$enter a dollar amount
select an item Cash Receipts from CustomersDecrease in Accounts ReceivableCash Payments to SuppliersTaxes PaidInterest PaidCash Payments for Operating ExpensesDecrease in InventoryIncrease in Prepaid ExpensesIncrease in InventoryIncrease in Accounts ReceivableDividends ReceivedDecrease in Prepaid Expenses	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

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