Cash Flows from (Used for) Operating Activities The net income reported on the income statement for the current year was $226,200. Depreciation recorded on equipment and a building amounted to $67,600 for the year. 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 Accounts receivable (net) $60,850 $63,890 77,160 78,840 Inventories 152,130 135,830 Prepaid expenses 8,460 9,010 Accounts payable (merchandise creditors) Salaries payable 67,970 9,800 71,300 8,880 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.