Cash Flows from Operating Activities - Indirect Method The riet income reported on the income statement for the current year was $218,300. Depreciation recorded on equipment and a building amounted to $65, 300 for the year. Halances of the current asset and current liablity accounts at the beginning and end of the year are as follows: a. Prepare the CCash flows from Operating Activities" section of the statement of coif llows, using the indurect method, Use the minus sign to indicate cash outflows, cash poyments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities b. If the direct method had been used, would the net cash flow from operating activities have been the same