Selected information from Crane Ltd's statement of financial position and statement of income is as follows: CRANE LTD. Statement of Financial Position (partial) December 31 2021 2020 Current assets Accounts receivable $7.300 $12,400 Inventory 5,400 4.600 Prepaid expenses 4.800 2.000 Current liabilities Accounts payable 3.800 2.000 Income tax payable 1,200 700 Property tax payable 2,200 1,300 Bank loan payable-current portion 5,200 10,000 CRANE LTD. Statement of Income Year Ended December 31, 2021 Sales $220,000 Cost of goods sold 120,000 Gross profit 100,000 Operating expenses 59,000 Income from operations 41,000 Interest expense 1,800 Income before income tax 39,200 Income tax expense 3.600 Net income $35,600 Additional information: 1 2 The bank loan was received in the past to finance the purchase of equipment Operating expenses included depreciation expense of $11.200 and a loss of $5.800 on the disposal of equipment. Prepare the operating activities section of the statement of cash flows, using the direct method. PUFFY LTD. Statement of Cash Flows Cash payments > $