Compute cash flows from operating activities for Catherines Company under the indirect reporting format. Catherines Company provided you with the following information for the current year. Accounts Payable relate to Selling, General and Administrative Expenses. (Click the icon to view the statement of net income.) (Click the icon to view the select balance sheet accounts.) Requirement Compute net cash flow from operating activities under the indirect reporting format. (Use a minus sign or parentheses for any cash outflows and/or net cash used by operating activities. If an input field is not used in the statement, leave the input field empty; do not select a label or enter a zero.) Catherines Company Partial Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2023 Operating Activities: Adjustments to Reconcile Net Income to Cash Flows from Operating Activities: Changes in Current Assets and Liabilities Net Cash Provided (Used) by Operating Activities Help me solve this Etext pages Get more help - Statement of net income Select balance sheet accounts Catherines Company Statement of Net Income December 31, For the Year Ended December 31, 2023 Select Balance Sheet Accounts Cash 2022 2023 Sales $ 346,000 $ 38,000 $ 32,500 Depreciation Expense (40,000) Investments (noncurrent) 22,000 39,500 Selling, General, and Administrative Expenses (113,000) Prepaid Rent 249,200 282,500 Gain on Sale of Equipment 7,900 Accounts Payable 118,900 140,000 Other Expenses (8,000) Income Taxes Payable 4,800 5,600 Long-Term Debt 186,000 Income before Taxes 192,900 174,300 Common Stock 247,800 (53,260) 302,900 Tax Expense $ 139,640 Net Income Print Done Print Done - X Clear all Check