Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $282,400. Depreciation recorded on equipment and a building amounted to $84,400 for the year. Balances or 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 $72,500 $75,490 Accounts receivable (net) 92.030 93,140 Inventories 181,450 160,470 Prepaid expenses Accounts payable (merchandise creditors) 94,240 Salaries payable 11,690 10,490 10,640 81,070 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: Adjustments to reconcile net income ta net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities bs. If the direct method had been used, would the net cash flow from operating activities have been the same