24 Exercise 16-7 Indirect: Reporting cash flows from operations P2 3.44 points Annual Income Statement Data Sales Expenses: Cost of goods sold Wages expense Amortization expense Net income Selected Year-End Balance Sheet Data Prepaid expenses increase $3,400 Inventory increase 590 Accounts payable decrease 2,400 Skipped $60,000 35,000 10,100 2,500 $12,400 eBook Prepare the operating activities section of the statement of cash flows for GreenGarden using the indirect method (Amounts to be deducted should be indicated with a minus sign.) Ask Statement of Cash Flows (partial) Cash flows from operating activities Print Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash References Changes in current operating assets and liabilis O