Cash Flows from (Used for) Operating Activities The income statement disclosed the following items for the year: Depreciation expense Gain on disposal of equipment $36,600 21,350 282,900 Net income The changes in the current asset and Bability accounts for the year are as follows: Increase (Decrease) Accounts receivable $5,700 Inventory (3,250) Prepaid insurance (1,220) Accounts payable (3,860) Income taxes payable 1,220 Dividends payable 850 a. Prepare the Cash Flows from (used for) 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 (used for) operating activities