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 directmethod.

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Sales revenue Cost of goods sold Wages expense nsurance expense Interest expense Income taxes expense $9,700 182,500 Prepaid insurance, increase 6,100 34,400 Accounts payable, increase 11,600 32,000 5,000 16,200 Wages payable, decrease 5400 $345,000 Inventory, increase 12,000 20,800 Notes payable, increase Interest payable, increase Accounts receivable, decrease 4,300