Use the following information from E6- 15 that Hockey Apparel Providers, Inc. provided for the current year to compute net cash flow from operating activities under the direct reporting format.

In E6-15

Changes in Balance Sheet Accounts                                                  Amount

Decrease in Accounts Receivable………………………………                   $ 29,000

Decrease in Inventory…………………………………………..                            43,000

Increase in Prepaid Expenses……………………………………                         9,000

Decrease in Accounts Payable……………………………………                      34,000

Increase in Income Taxes Payable…………………………………                   32,000

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Hockey Apparel Providers, Inc. Statemont of Net Income For the Current Year Ended Amount Sales Cost of Goods Sold Depreciation Expense Selling, General, and Administrative Expenses $2,452,000 1,251,000) (178,000) (558,000) 465,000 (145.000) S 320,000 Operating Income Tax Expense Net Income