PA12-2 (Algo) Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2] The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. Income Statement Sales Revenue $ 42,600 Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income 18,000 1,400 8,400 3,900 1,600 1,500 1,100 $ 6,700 Selected Balance Sheet Accounts Ending Balances Beginning Balances Accounts Receivable $ 565 $ 590 Inventory 830 690 Accounts Payable 425 470 Prepaid Rent 27 21 Prepaid Insurance 26 30 Salaries and Wages Payable 68 44 22 16 Utilities Payable Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)