The net income reported on the income statement for the current year was $106,800. Depreciation recorded on store equipment for the year amounted to $41,700. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Cash Accounts receivable (net) Inventories Prepaid expenses Accounts payable (merchandise creditors) Wages payable End of Year Beginning of Year $24,100 65,000 47,200 3,250 23,400 4,700 a. Prepare the "Cash flows from (used for) operating activities" section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) Line Item Description Cash flows from (used for) operating activities: $19,700 54,000 52,000 6,000 18,500 6,400 Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: statement when Amount Amount 000 b. Cash flows from operating activities differs from net income because it does not use the of accounting. For example revenues are recorded on the income