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Ch 4 Homework (40 points) 28 Complex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for

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Ch 4 Homework (40 points) 28 Complex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for the 2021 fiscal year was $624000 Depreciation and amortization expense of 587000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash: 3 points Skipped Decrease in accounts receivable Increase in inventory Increase in prepaid expenses Increase in salaries payable Decrease in income taxes payable $22,000 9,200 8,500 10,000 eBook 14,000 Required: Prepare the operating activities section of the 2021 statement of cash flow (Amounts to be deducted should be Indicated with a minus sign) Cashflows from operating activities Adjustments for noncash effects: Changes in operating assets and labios Net cash flows from operating activities G

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