Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $142,300. Depreciation recorded on store equipment for the year amounted to $23,500. 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 Accounts receivable (net) Inventories $54,070 $49,740 38,770 36,760 52,930 55,960 Prepaid expenses 5,950 4,730 Accounts payable (merchandise creditors) 50,660 47,050 Wages payable 27,680 30,740 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: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Changes in current operating assets and liabilities: Increase in accounts receivable 000