The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. Income Statement Sales Revenue Expenses S 41,600 Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense Interest Expense Utilities Expense 17,500 1,300 8,300 3,800 1,550 1,450 Net Income S 6,650 Selected Balance Sheet Accounts Ending Beginning Balances Balances Accounts Recelvable Inventory Accounts Payable Prepaid Rent Prepaid Insurance Salaries and Wages Payable Utilities Payable $570 820 430 29 27 600 685 480 32 43 17 Required:
Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method.

Direct Products Company

Operating cash flow statement

For the year ended December 31, 202x

Net income                                                             $6,500

Adjustments to net income:

Net cash flow provided by operating activities   $7,673

Explanation:

Net Income $6,650

Depreciation Expense $1,300

                                          ending           beginning

Accounts Receivable        $570                $600

Inventory                            $820                $685

Accounts Payable             $430                $480

Prepaid Rent                        $29                  $22

Prepaid Insurance               $27                   $32

Salaries Payable                  $66                  $43

Utilities Payable                   $24                   $17

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