1. The accounting records of Soft Fur Traders include these accounts: Data Table Cash Jan 1 Receipts Jan 31 40,000 Jan 1 440,000 Payments 445,000 Receipts 35,000 Jan 31 Accounts Receivable 1,000 540,000 Collections Inventory Jan 1 3,000 101,000 440,000 Purchases Jan 31 438,000 Cost of Sales 336,000 105,000 Equipment Accumulated Deprec.-Equipment Accounts Payable Jan 1 188,000 Jan 1 57,000 Acquisition Jan 31 6,000 194,000 Depreciation Jan 31 5,000 Payments Jan 1 333,000 Purchases 14,000 62.000 Jan 31 438,000 119,000 Accrued Liabilities Retained Earnings Payments Jan 1 30,000 Receipts Jan 31 12,000 Quarterly 28,000 Dividend 10,000 Jan 1 64.000 20,000 Net Income Jan 31 25.000 69,000 Print Done X Requirement 1. Compute Soft's net cash provided by (used for) operating activities during January. Use the indirect method. Do you see any potential problems in Soft's cash flow from operations? How can you tell? Begin by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash. Complete all input cells and do not combine amounts. Check your spelling carefully and do not abbreviate.) Cash flows from operating activities: Net income $25,000 Adjustment to reconcile net income to net cash provided by operating activities: Depreciation $5,000 Increase in accounts receivable (100,000) Increase in inventory (102,000) Increase in accounts payable 105,000 Decrease in accrued liabilities (2,000) (94,000) Net cash provided by (used for) operating activities $(69.000)