PA12-2 Computing Cash Flows from Operating A The income statement and selected balance sheet information fo ended December 31 are presented below. Income Statement Sales Revenue Expenses: $49,600 Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense Interest Expense Utilities Expense 21,500 2,100 9,100 4,600 1,950 1,850 1,450 Net Income 7,050 Selected Balance Sheet Accounts Ending Beginning Balances Balances Accounts Receivable Inventory Accounts Payable Prepaid Rent Prepaid Insurance Salaries and Wages Payable Utilities Payable S 565 S 590 765 470 21 30 59 16 980 425 27 26 98 Required: Prepare the cash flows from operating activities section of the staten method. (Amounts to be deducted should be indicated with a minu