Cash flows from operating activities-indirect method Amount Descri Statement of Cash Flows-Operating Activities Demer rs Inc. reported the to llowing data Net income Depreciation expense Gain on disposal of equipment Decrease in accounts recevable22,750 Decrease in accounts payable S418,200 49,350 9,150 6,120 Operating Activities Prepare the Cash Flows from section of the statament of cash Rows using the indirect method Refer to the Arnount Descriptions list provided for the exact wording of the answer choices for lext entries Use the minus sign to indicate cash outhows cash payments, decreases in cash and for any adjustments, if required cash ouffiows, adjustments, if Amount Descriptions Amortization of intangible assets Decrease in accounts payable Decrease in accounts receivable Depreciation expense Gain on disposal of equipment Net cash flow from operating activities Net cash flow used for operating activities Net income Net loss Statement of Cash Flows-Operating Activities Prepare the Cash Flows for Operating Act ties s on of the sta payments, decreasss in cash and for any adjustrments, if required or ca ons using te di t method Re to the Amo oc p ons lis provid d fo the e act wo di g of the a s e c o 5 fo text e tres use he m nuss g to di atecast out o cash Demers Inc. Statement of Cash Flows (partal) L Cash flows from operating activities Adjustments to reconcile net income to net cash flow from operating activities: 6Changes in current operating assets and liabilities