6. EX.12.18.ALGO (Algorithmic) Operating Activities Section-Indirect Method The following account balances for the noncash current assets and current liabilities of Suffolk Company are available: Accounts receivable Inventory Preped rent Totals Accounts payable Income taxes payable Interest payable Tatals December 31 2017 2016 543,410 $34,630 29,810 40,310 17,040 15,170 590,260 590,110 526,280 $19,420 6,030 10,390 15,120 11,860 S47,430 $41,670 Net income for 2017 is $41,970. Depreciation experise is $18.460. Assume that all sales and all purchases are on account. Required: 1. Prepare the Operating Activ ties section of the statement of cash flows using the Indirect method. Use the minus sign to indicate cash payments, cash outflows, or decreases in cash. Suffolk Company Partial Statement of Cash Flows For the Year Ended December 31, 2017 Cash Pravided by Operating Activities Adjustments to reconcile net income to net cash provided by operating activities: $ 2. Net cash now from operating activities is and the primary reason why it is higher than net income is . Other reasons for the higher amount of net cash flow from operating activities are and