Book The net income reported on the income statement for the current year was $361,300. Depreciation recorded on store equipment for the year amounted to $15,520. 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 $40,150 $40,070 30.070 28,060 Cash Accounts receivable (not) Inventories 45,420 40390 3,750 4,960 37,710 Prepaid expenses Accounts payable (merchandise creditors) Wages payable 38,610 20,330 24,800 Amount Descriptions Amortization of intangible assets Decrease in accounts payable Decrease in accounts receivable Decrease in inventories Decrease in prepaid expenses Decrease in wages payable Depreciation Increase in accounts payable Increase in accounts receivable Increase in inventories Increase in prepaid expenses Increase in wages payable Net cash flow from operating activities Net cash flow used for operating activities Net income Net loss a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions ist provided for the e of the answer choices for text entries. Use the minus sign to indicato cash outflows, cash payments, decreases in cash and for any adjustments, it required Statement of Cash Flows (partial) Cash flows from operating activities: 2 Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: 10 11