Bruton Company's current asset and liability balances for the past two years are as follows. Net income for the year was $120,000 and depreciation expense was $15,000 Prior year Accounts Receivable Inventory Accounts Payable Accrued Liabilities $80,000 130,000 45,000 12,000 Current year $65.000 140,000 40.000 15,000 Using the indirect method, prepare the cash flows provided by operating activities section of the statement of cash flows Cash flows from operating activities Net cash by operating activities Bruton Company's current asset and liability balances for the past two years are as follows. Net income for the year was $120,000 and depreciation expense was $15,000. Prior year Current year Accounts Receivable $80,000 $65,000 Inventory 130,000 140,000 Accounts Payable 45,000 40,000 Accrued Liabilities 12,000 15,000 Using the Indirect method, prepare the cash flows provided by operating activities section of the statement of cash flows. Cash flows from operating activities Net Income / Doss) Adjustments to net income Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in counts payable Increase in accrued liabilities Decrease in accounts receivable Increase in inventory Increase in accounts payable Decrease in accrued abilities Net cash by operating activities $