portions of the financial statements for a company are provided belowPTO PRODUCTS COMPANY income statement for the year ended december 31, 2024sales $ 1,800,000 cost of goods sold $ 1,050,000 operating expenses 560,000depreciation expense 50,000income tax expense 40,000 total expenses 1,700,000 net income $ 100,000 PTO PRODUCTS COMPANYselected balance sheet data december 31 year 2 year 1 increase (i) or decrease (d) cash $ 102,000 $ 85,000 $ 17,000 (i) accounts receivable 45,000 49,000 4,000 (d) inventory 75,000 55,000 20,000 (i) prepaid rent 3,000 5,000 2,000 (d) accounts payable 45,000 37,000 8,000 (i) income tax payable 5,000 10,000 5,000 (d) required: prepare the operating activities section of the statement of cash flows for the company using the direct method. (list cash outflows and any decrease in cash as negative amounts.)