Cash Flows from Operating ActivitiesDirect Method

The income statement for Rhino Company for the current year ended June 30 and balances of selected accounts at the beginning and the end of the year are as follows:

Sales					$286,150
Cost of goods sold					98,740
Gross profit					$187,410
Operating expenses:
	Depreciation expense		$24,720
	Other operating expenses		74,210
		Total operating expenses			98,930
Income before income tax					$88,480
Income tax expense					25,590
Net income					$62,890

	End of Year		Beginning of Year
Accounts receivable (net)	$23,080		$20,080
Inventories	59,180		51,490
Prepaid expenses	9,310		10,240
Accounts payable (merchandise creditors)	43,390		40,270
Accrued expenses payable (operating expenses)	12,260		13,360
Income tax payable	2,330		2,330

Cash flows from operating activities:

Cash received from customers ______

Cash payments for merchandise _______

Cash payments for operating expenses _______

Cash payments for income taxes _______

Net cash flow from operating activities __________