Colassard Industries has the following data available for preparation of its statement of cash flows:

Required:
Prepare the cash flows from operating activities section of the statement of cash flows, using the direct method.

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5,710 2,100 5,680 32,000 3,125 5,400 Sales revenue Cost of goods sold Wages expense $356,200 Inventory, increase 1 182,500 venr 58,400 Acounts payable, increase id insurance, increase Interest expense Income taxes expense Accounts receivabl, decase 20.800 16,200 14,300 Notes payable, increase Interest payable, increase Wages payable, decrease