1. value: 10.00 points The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. $ 48,600 Income Statement Sales Revenue Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense Interest Expense Utilities Expense 21,000 2,000 9.000 4,500 1,900 1,800 1,400 Net Income $ 7,000 Selected Balance Sheet Accounts Ending Beginning Balances Balances Accounts Receivable $ 560 $ 580 Inventory 990 770 Accounts Payable 420 Prepaid Rent Prepaid Insurance Salaries and Wages Payable 100 Utilities Payable 20 460 Required: Prepare the cash flows from operating activities section of the statement of cash flows using the direct rioyau lisurance Salaries and Wages Payable Utilities Payable Required: Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) DIRECT PRODUCTS COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31 Cash Flows from Operating Activities