Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $214,000 Deprecation recorded on equipment and a building amounted to $99,300 for the year. Balance of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Cash Beginning of Year $86,150 $75,900 Accounts receivable (net) Inventories 82,150 88,750 181,600 178,000 4,800 Prepaid expenses Accounts payable (merchandise creditors) Salaries payable 5,100 93,700 115,000 6,500 4,900 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: Previous All work saved