Appendix 11A) Preparing Net Cash Flows from Operating ActivitiesDirect Method Colassard Industries has the following data available for preparation of its statement of cash flows: Sales revenue $365,200 Inventory, increase $5,710 Cost of goods sold 182,500 Prepaid insurance, increase 2,100 Wages expense 58,400 Accounts payable, increase 5,680 Insurance expense 8,300 Notes payable, increase 32,000 Interest expense 20,800 Interest payable, increase 3,125 Income taxes expense 15,510 Wages payabl