Willing to give more point financial statements for Zack Market below. Zack Market Income Statement

Willing to give more point financial statements for Zack Market below.

    Zack Market
Income Statement
For the year ended December 31, 2015   Revenues $ 617,000      Expenses:       Cost of goods sold $ 361,000       Operating expenses 118,000       Depreciation expense 26,000       Income tax expense 56,000         Total expenses 561,000      Net Income $ 56,000    Zack Market
Selected Balance Sheet Data
December 31, 2015   Increase in accounts receivable $ 5,000   Increase in inventory 11,300   Decrease in prepaid rent 10,700   Increase in operating expenses payable 6,000   Decrease in accounts payable 7,400   Increase in income tax payable 21,000

    Required:

Prepare the operating activities section of the statement of cash flows for zack market using thedirect method. HintPrepaid rent account is adjusted with operating expense.

    Zack market

Statement of Cash Flows (partial)
For the year ended December 31, 2015   Cash Flows from Operating Activities:     (select one)Operating expenses, Cash, paid to suppliers,Cash, received from customers, Cash paid for operating expenses, Cash paid for income taxes, cost of goods sold $        (select one)Cash, received from customers,Operating expenses,Cash paid for operating expenses,Cash paid to suppliers,Cash paid for income taxes,Cost of goods sold        (select one)Cash ,paid for income taxes,Cash paid for operating expenses,Cash received from customers,Operating expenses,Cash paid to suppliers,Cost of goods sold        (select one)Cash, paid for income taxes,Cash paid for operating expenses,Cost of goods sold,Operating expenses,Cash received from customers,Cash paid to suppliers          Net cash flows from operating activities $   

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