Cash Hows fiom Operating Activben-lnduect: Mectod: The net income tepoited on the income statement for the current yeat was $294,300. Depreciabon recorded on equipment and a building amounted to s68, 000 for the yeat, Balances of the current asset sind current labilaty accounts at the beginning and end of the year are as follows: a. Prepare the Cash Fows from Operating Actwities section of the statement of casth llows, using the indirect method. Wse the minus sign to indicate cash outfioms, casti payments, decreases m cash, or any neoative adjustuents. Statement of Cash Hows (aartial). a. Prepare the Cish flows from Operating Activities section of the statement of cash flans, using the indirect method, Use the minus sign to indicate cash outflows, cash psyments, decreases in cash, or any hegative adjustments. Statensent of Cash Flows (partial) b. If the direct method had been used, would the net cash flow from operating activities have been the same