Cash Flows from (Used for) Operating Activities The net income reported on the income statement for the current year was $133,500. Depreciation recorded on store equipment for the year amounted to $22,000. 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 $54,200 $49,860 Accounts receivable (net) 38,860 36,850 Merchandise inventory 53,060 56,090 Prepaid expenses 5,960 4,740 Accounts payable (merchandise creditors) 50,790 47,170 Wages payable 27,750 30,810 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.