Comprehensive Rea... LUO DIBELS Data Sy.. Other Calculator The net income reported on the income statement for the current year was $210,000. Depreciation recorded on equipment and a building amount to $62,500 for the year Balances of the current and current accounts at the beginning and end of the year are as follows: End of Year Cash Accounts receivable (net) Inventories Prepaid expenses Accounts payable (merchandise creditor) Salaries payable $56.000 71.000 140,000 7.800 Beginning of Year $59.500 73.400 126 500 8.400 62,600 66.400 8.250 Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows using the Indirect method. Use the minus sign to indicate cash out flow cash payments, decreases in cash, or any negative adjustments