Question: need help asap! The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 presented below Income Statement

need help asap!
need help asap! The income statement and selected balance sheet information for
Direct Products Company for the year ended December 31 presented below Income

The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 presented below Income Statement Sales Revenue $47,600 Expenses Cost of Goods Sold 20,500 Depreciation Expense 1,900 Salaries and Viages Expense 8,900 Rent Expense 4,400 Insurance Expense 1,850 Interest Expense 1,750 Utilities Expense 3350 Net Income $ 6,950 Selected Balance Sheet Accounts Ending Balances Accounts Receivable $ 565 Inventory 880 Accounts Payable 425 Prepaid Rent 27 Prepaid Insurance 26 Salaries and Wages Payable 78 Utilities Payable 22 Beginning Balances 5590 715 470 21 30 19 16 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 Cash Receipts from Customers Cash Payments to Suppliers $ 47 625 Net Cash Provided by Operating Activities $ 47 625

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