D recomme CRC $58,410 Cash Accounts receivable (net) Merchandise inventory 41,880 $53,150 39,280 59,790 5,050 Prepaid expenses 57,180 6,430 54,730 29,910 Accounts payable (merchandise creditors) Wages payable 50,280 32,850 a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect meth payments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Changes in current operating assets and liabilities: Increase in accounts receivable Decrease in merchandise inventory Increase in prepaid expenses Increase in accounts payable Decrease in wages payable .. t D recomme CRC $58,410 Cash Accounts receivable (net) Merchandise inventory 41,880 $53,150 39,280 59,790 5,050 Prepaid expenses 57,180 6,430 54,730 29,910 Accounts payable (merchandise creditors) Wages payable 50,280 32,850 a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect meth payments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Changes in current operating assets and liabilities: Increase in accounts receivable Decrease in merchandise inventory Increase in prepaid expenses Increase in accounts payable Decrease in wages payable .. t