Vaughn Company's Income Statement contained the following condensed information:

The balance sheets showed the comparative data at December 31, shown below:

Prepare the operating activities section of the cash flow statement using the direct method:

Vaughn Company's income statement contained the following condensed information. Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).)