Sentrino Company Uses the Direct Method for Its Statement of Cash

Sentrino Company uses the direct method for its statement of cash flow. Assume Accrued Liabilities relate to Operating Expenses. It reports the following information regarding the year ending December 31, 2014:
$\begin{array}{c}\text { Incone Statement}\\\begin{array}{lll}\text { Sales Revenue}\\\text { Cost of Goods Sold}\\\text { Operating expenses:}\\\text { Net Income}\end{array}\begin{array}{l}\$ 312,000 \\247,000 \\\underline{2,500}\\\underline{\underline{{\$ 32,500}}} \end{array}\end{array}$

$\begin{array}{c}\text { Partial Balance Sheet }\\\begin{array}{lll}\\\text {Accounts Receivable (net)}\\\text {Inventories}\\\text {Accrued Liabilities}\\\text {Accounts Payable (inventory)} \end{array}\begin{array}{l}2013 \\\$ 15,600 \\28,600 \\3,900 \\9,100 \end{array}\begin{array}{l}2014 \\\$ 19,500 \\23,400 \\1,560 \\15,600 \end{array}\end{array}$
Assume that there were no sales of long-term assets, no Interest Revenue, and no expenses other than the expenses shown above. Also, assume that Accounts Payable is for purchases of inventory only. Prepare the operating activities section of the statement of cash flows.