Cash Flows from Operating Activities-Inorect Method The net income reported on the income statement for the current year was $128,600. Depreciation recorded on store equipment for the year amounted to $21,200. Balances of the Current asset and current liablity accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $49,640 $45,170 Accounts receivable (net) 35,590 33,380 Inventones 48,600 50,820 Prepaid expenses 5,460 4,290 Accounts payable (merchandise creditors) 46,510 Wages payable) 25,420 42,730 27,920 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: Adjustments to reconcle net income to net cash flow from operating activities Changes in current operating assets and kablites: