Cash Flows from Operating ActivitiesIndirect Method

The net income reported on the income statement for the current year was $146,200. Depreciation recorded on store equipment for the year amounted to $24,100. 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
Cash	$57,900		$53,270
Accounts receivable (net)	41,510		39,370
Inventories	56,680		59,930
Prepaid expenses	6,370		5,060
Accounts payable (merchandise creditors)	54,250		50,390
Wages payable	29,640		32,920

a. Prepare the Cash flows from operating activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

Statement of Cash Flows (partial)
Cash flows from operating activities:
	$fill in the blank dbba5efff021f9c_2
Adjustments to reconcile net income to net cash flow from operating activities:
	fill in the blank dbba5efff021f9c_4
Changes in current operating assets and liabilities:
	fill in the blank dbba5efff021f9c_6
	fill in the blank dbba5efff021f9c_8
	fill in the blank dbba5efff021f9c_10
	fill in the blank dbba5efff021f9c_12
	fill in the blank dbba5efff021f9c_14
Net cash flow from operating activities		$fill in the blank dbba5efff021f9c_15