The income statement of Guesser Company is shown below.

GUESSER COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
Sales				$755,000
Cost of goods sold				543,000
Gross profit				212,000
Operating expenses
Selling expenses		52,000
Administrative expenses		89,000		141,000
Net income				$71,000

Additional information:

1.		Accounts receivable decreased $63,000 during the year.
2.		Inventory increased $38,000 during the year.
3.		Prepaid expenses increased $12,000 during the year.
4.		Accounts payable increased $25,000 during the year.
5.		Accrued expenses payable increased $6,000 during the year.
6.		Administrative expenses include depreciation expense of $20,000.

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. GUESSER COMPANY Statement of Cash Flows (Partial) > $ $ ta