Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $150,600. Depreciation recorded on store equipment for the year amounted to $24,800. 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 $58,580 $53,310 42,000 39,400 57,350 59,970 Prepaid expenses 6,440 5,060 Accounts payable (merchandise creditors) Wages payable 54,890 29,990 50,430 32,950 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 to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Q 0 00000 0