The following Income Statement and Operating Cash Flow information pertain to Receivership Inc.'s operations for the year ended December 31, 2018.

Income statement for the year ended December 31,2018

Revenues 1,328

Cost of goods sold 587

Rent expenses 152

Wages expenses 136

Insurance expenses 53

Other SG&A

(includes depreciation expenses) 198

Interest expenses 30

Gain on sale of asset (5)

1,151

Income before tax 177

Tax 62

Net income 115

Cash flow provided by operating activities(indirect method), for the year ended December 31, 2018

Net income 115

Depreciation 32

Gain on sale of asset (5)

142

Increases/decreases in

Accounts receivable 26

Inventories (35)

Prepaid rent 13

Accounts payable 28

Wages payable (20)

Tax payable 5

Interest payable (2)

Advances from customers (3)

Other accrued SG&A 5

17

Net cash provided by operating activities 159

Required:

1. Prepare the net cash flow from operating activities section of the cash flow statement using the direct method.