Based on the information in the following income statement and balance sheet for Monterey Corporation,determine the cash flows from operating activities using the direct method. 
Definitions:
Competitors
Businesses or individuals that offer similar products or services and compete for the same customers or market share.
Marketing Investment
Financial resources allocated towards promoting, advertising, and selling products or services to drive consumer engagement and sales.
Market Share Data
Information that shows a company's sales volume or revenue as a proportion of the total sales or revenue in its market or industry.
Marketing Expenditures
The total costs associated with activities and strategies to promote and sell products or services, including advertising, promotions, and salaries of marketing personnel.
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