Refer to the information in Problem.

In Problem

Required
Prepare the cash flows from operating activities section only of the company€™s 2015 statement of cash flows using the direct method.

SALT LAKE COMPANY Income Statement For Year Ended December 31,2015 Sales revenue Expenses .. .$156,000 SALT LAKE COMPANY Selected Balance Sheet Accounts 72.000 At December 3! 32,000 20,000 Cost of goods sold.... 2015 2014 Depreciation expense. Salaries expense Accounts receivable 5,000 Accounts payable 2600 2,400 Uilities payable 2,000 $3,600 $3,000 860 980 2,400 2,600 900 600 Rent expense nsurance expense . Salaries payable... Interest expense 200 140 Prepaid insurance... S 20,000 Prepaid rentan 180 Net income 100 200