A company’s current-year income statement and selected balance sheet data at December 31 of the current and prior years follow.
Prepare the operating activities section of the statement of cash flows using the direct method for the current year.

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Income Statement For Current Year Ended December 31 Sales revenue Expenses: Cost of goods sold........ Depreciation expense..... Salaries expense.... Interest expense. Net income..... $120 50 30 17 3 $ 20 Selected Balance Sheet Accounts Current Yr At December 31 Accounts receivable .... Inventory..... Accounts payable ....... Salaries payable..... Interest payable....... $12 6 7 8 1 Prior Yr $10 9 11 3 0