The income statement and selected balance sheet information for Calendars Incorporated for the year ended December 31, 2013, is presented below.

Refer to the information in PB12-2.
Required:
Prepare the cash flows from operating activities section of the 2013 statement of cash flows using the direct method?

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Income Statement Selected Balance Sheet Accounts 2013 2012 Sales Revenue Expenses: $78,000 36,000 Depreciation Expense 6,000 10,000 2,500 1,300 1,200 1,000 $10,000 Merchandise Inventory Accounts Receivable Accounts Payable Salaries Payable Utilities Payable Prepaid Rent Prepaid Insurance $ 430 1,800 1,200 450 100 80 70 $ 490 1,500 1,300 250 0 100 90 Cost of Goods Sold Salaries Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income