Cash Flows from (Used for) Operating Activities The net income reported on the income statement for the current year was $119,900. Depreciation recorded on store equipment for the year amounted to $19,800. 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 $48,440 $44,080 Accounts receivable (net) 34,730 32,580 Merchandise inventory 47,420 49,590 Prepaid expenses 5,330 4,190 Accounts payable (merchandise creditors) 45,390 41,700 Wages payable 24,800 27,240 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 operating activities: $fill in the blank 12ee10033ff1faa_2 Adjustments to reconcile net income to net cash flows from (used for) operating activities: fill in the blank 12ee10033ff1faa_4 Changes in current operating assets and liabilities: fill in the blank 12ee10033ff1faa_6 fill in the blank 12ee10033ff1faa_8 fill in the blank 12ee10033ff1faa_10 fill in the blank 12ee10033ff1faa_12 fill in the blank 12ee10033ff1faa_14 Net cash flow from operating activities $fill in the blank 12ee10033ff1faa_15 b. Cash flows from operating activities differ from net income because it does not use the of accounting. For example revenues are recorded on the income statement when .