Current Attempt in Progress Teal Mountain Company reported net income of $270,000 for the current year. Depreciation recorded on buildings and equipment amounted to $76,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $27,000 $19,000 Accounts receivable 24,000 35,500 Inventory 54,000 63,500 Accounts payable 13,200 16,000 Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) TEAL MOUNTAIN COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to TEAL MOUNTAIN COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to eTextbook and Media Save for Later www. Attempts: 0 of 1 used Submit