Compute cash flows from operating activities by the indirect method for year ended December 31, 2016. 16-20 Computing operating activities cash flow-indirect method The accounting records of XYZ Sales, Inc. include the following accounts: Account Cash Accounts Receivable Merchandise Inventory Accounts Payable Beginning Balance Ending Balance $ 6,500 20,000 8,000 14,000 4,000 15,500 30,000 19,000 Accumulated Depreciation- Equipment Retained Earnings 55,000 Jui. 1 62,000 Jul. 1 Dividends 19,000 70,000 Net Inc. 4,000 Depr. Exp. 59,000 Jul. 31 113,000 Jul. 31 Compute XYZ's net cash provided by (used for) operating activities during July 2016. Use the indirect method