Cash Flows from (Used for) Operating Activities The net income reported on the income statement for the current year was $122,600. Depreciation recorded on store equipment for the year amounted to $20,200. Balances of the current asset and current Hability accounts at the beginning and end of the year are as follows: End Beginning of Year of Year Cash 349,530 $45,570 Accounts receivable (net) 35.510 33,680 Merchandise inventory 48,490 51,270 Prepaid expenses 5,450 4,330 Accounts payable (merchandise creditors) 46,410 43,110 Wages payable 25,360 28,160 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 cashor any negative adjustments, Statement of Cash Flows (partial) Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flows from (used for) operating activities: Depreciation Changes in current operating assets and liabilities: Increase in accounts receivable Decrease in merchandise inventory Increase in prepaid expenses Increase in accounts payable 10000 Decrease in wages payable Net cash flow from operating activities $