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Current Attempt Larkspur Company reported net income of $400,000 for the current year. Depreciation recorded on buildings and equipment amounted to $91,000 for the year.

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Current Attempt Larkspur Company reported net income of $400,000 for the current year. Depreciation recorded on buildings and equipment amounted to $91,000 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 Prepaid insurance Accounts payable Income taxes payable End of Year $22,500 16,000 50.500 7.200 13,800 900 Beginning of Year $18,500 33.000 65,000 6,900 16,400 1.410 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).) LARKSPUR COMPANY Partial Statement of Cash Flows $ 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 elther a-signe.g. - 15,000 or in parenthesis eg. (15,000).) LARKSPUR COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to

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