Refer to the information in Problem 16-1B.

Required
Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the direct method.

SALTLAKE COMPANY Income Statement For Year Ended December 31, 2017 $156,000 Expenses Cost of goods sold 72,000 32,000 20,000 5,000 2,600 2,400 2,000 $20,000 Salaries expense. ... Interest expense.... Net income SALT LAKE COMPANY Selected Balance Sheet Accounts At December 31 hn 121y Accounts payable Salaries payable .. Utilities payable... Preysil.... Peiea 2017 2016 $3,600 $3,000 860 980 2,400 2,600 900 600 200 0 140 180 100 200