Current Attempt in Progress A company reported net income of $200,000 for the current year. Depreciation recorded on buildings and equipment amounted to $70,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Cash Accounts receivable Inventory Accounts payable End of Year $20,000 Net Income/(Loss) 20,000 50,000 10,000 Beginning of Year $15,000 Adjustments to reconcile net income to 30,000 Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g, -15,000 or in parenthesis e.g. (15,000).) 60,000 Statement of Cash Flows (Partial) - Indirect Method $ 15,000 MacBook Air

A company reported net income of $200,000 for the current year. Depreciation recorded on buildings and equipment amounted to $70,000 for the year Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Showamounts that decrease cash flow with either a-sign eg, 15,000 or in porenthesis es. (15,000) )