Cash Accounts Receivable Inventory Dec 1 Receipts 606,000 Payments 438,000 Credit sales 528,000 Collections Dec 31 90,000 Dec 1 5,000 Dec 1 6,000 526,000 Purchases 451,000 Cost of Sales 448,000 258,000 Dec 31 7,000 Dec 31 9,000 Equipment Accumulated Deprec.-Equipment Accounts Payable Dec 1 Acquisition Dec 31 Dec 1 Depreciation Dec 31 Dec 1 189,000 6,000 195,000 12,000 451,000 138,000 57,000 5,000 Payments 325,000 Purchases 62,000 Dec 31 Accrued Liabilities Retained Earnings 5,000 Quarterly 25,000 Accruals 21,000Diidend Dec 1 Dec 1 67,000 25,000 80,000 Payments 12,000 Net Income Dec 31 11,000 Dec 31 Requirement 1. Prepare the company's net cash provided by (used for) operating activities section of the statement of cash flows for the month of December. Use the indirect method. Do you see any potential problems in the company's cash flows from operations? How can you tell? Begin by completing the cash flows from operating activities section for the month of December using the indirect method. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Cash flows from operating activities: Adjustment to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Do you see any potential problems in the company's cash flows from operations? How can you tell? selling inventory. There is in Accounts Payable indicates that the company Soft shows collecting receivables and . The Overall, operations generated a anet cash flow, which is sign