Cash Flows from (Used for) Operating Activities The net income reported on the income statement for the current year was $267,200. Depreciation recorded on equipment and a buliding amounted to $79,900 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: 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. 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) b. If the direct method had been used, would the net cash flow from operating activities have been the same