Colorful Cat Company uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ending December 31, 2017: 
Prepare the operating activities section of the statement of cash flows, using the direct method.
Definitions:
Square Footage
A measure of area used primarily in the real estate, construction, and interior design industries, indicating the total square feet of a space.
Costume Jewelry Department
A specialized division within a retail store or company focused on selling non-precious jewelry that is costume or fashion-oriented.
Net Income
Reflects the profit that remains after all operating expenses, interest, taxes, and dividends have been deducted from total revenue.
Loss
The financial result when a company's expenses exceed its revenues during a specific period, leading to a negative net income.
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