Vaughn Company's income statement contained the following condensed information. Vaughn's balance sheets contained the comparative data at December 31 , shown below. Vaughn's balance sheets contained the comparative data at December 31 , shown below. Accounts payable pertain to operating expenses, Prepare the operating activities section of the statement of cash flows using the direct method. (Show amount with either a-sign eg. 15,000 or in parenthesis eg. (15,000).) VAUGHN COMPANY Partial Statement of Cash Flows $ cash payments