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 outflows as negative amounts.)

Opal Resources Corp.
Income Statement
For Year Ended December 31, 2023
Sales				$	486,000
Cost of goods sold					236,400
Gross profit from sales				$	249,600
Operating expenses:
Salaries expense	$	67,476
Depreciation expense		11,460
Rent expense		9,700
Amortization expense, patents		1,380
Utilities expense		3,900
Total operating expenses					93,916
Gain on sale of equipment					1,860
Profit from operations				$	157,544
Income taxes					2,000
Profit				$	155,544

Changes in current asset and current liability accounts during the year were as follows:

Accounts receivable	$	9,600	increase
Merchandise inventory		6,000	increase
Accounts payable		2,400	decrease
Salaries payable		400	decrease

\begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ OPAL RESOURCES CORP. } \\ \hline \multicolumn{1}{|c|}{ Statement of Cash Flows } \\ \hline Cor Year Ended December 31, 2023 \\ \hline Cash flows from operating activities: & \\ \hline Payments for income taxes & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Analysis Component: Use the information above to present the cash flows from operating activities using the indirect method