Use the following income statement and information about changes in non-cash current assets and current liabilities to present the cash flows from operating activities using the direct method: (List any deduction in cash and cash outlows as negative amounts.) $486,600 238.800 5247,800 Opal Resources Corp. Income Statement For Year Ended December 31, 2020 Sales Cost of goods sold Gross profit from sales Operating expenses Salaries expense $ 68,076 Depreciation expense 11,500 Rent expense 9,820 Amortization expense, patents 1,500 Utilities expense Total operating expenses Gain on sale of equipotent Profit from operations Income taxes Profit 97,276 3. 5152,504 4.400 $148,104 Changes in current asset and current liability accounts during the year were as follows Accounts receivable Merchandise Inventory Accounts payable Salaries payable $ 12,009 Increase 3,400 increase 4.800 decrease 2,400 decrease Analysis Component: Use the information above to present the cash flows from operating activities using the indirect method. OPAL RESOURCES CORP. Statement of Cash Flows For Year Ended December 31, 2020 Cash flows from operating activities: Adjustments to reconcile profit to net cash provided by operating activities