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, 2020 Sales Cost of goods sold Gross profit from sales Operating expenses: Salaries expense Depreciation expense Rent expense Amortization expense, patents Utilities expense Total operating expenses Gain on sale of equipment Profit from operations Income taxes Profit $486,000 238,400 $247,600 $ 67,476 11,560 9,800 1,480 5,900 96,216 1,960 $153,344 4,000 $149,344