13 of 15 View Policies -/1.67 Current Attempt in Progress Larkspur Company reported net income of $200,000 for the current year. Depreciation recorded on buildings and equipment amounted to $80,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $21,000 $17,000 Accounts receivable 24,000 33,000 Inventory 52,000 66,000 Accounts payable 14.700 18,800 Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) LARKSPUR COMPANY Partial Statement of Cash Flows Net Cash Used by Operating Activities Adjustments to reconcile net income to Question 13 of 15 that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) LARKSPUR COMPANY Partial Statement of Cash Flows Net Cash Used by Operating Activities Adjustments to reconcile net income to $ $ eTextbook and Media Save for Later Last saved 1 day ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. - / 1.67 Attempts: 0 of 5 used Submit