Cash Flows from (Used for) Operating Activities The net income reported on the income statement for the current year was $128,300. Depreciation recorded on store equipment for the year amounted to $21,200. 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 $49,780 $45,300 Accounts receivable (net) 35,690 33,480 Merchandise inventory 48,730 50,960 Prepaid expenses 5,480 4,300 Accounts payable (merchandise creditors) Wages payable 46,640 25,490 42,850 28,000 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.