Demers Inc. reported the following data: Net income $397,100 Depreciation expense 45,690 Gain on disposal of equipment 37,910 Decrease in accounts receivable 27,470 Decrease in accounts payable 6,450 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. Amount Descriptions Amortization of intangible assets Decrease in accounts payable Decrease in accounts receivable Depreciation expense Gain on disposal of equipment Net cash flow from operating activities Net cash flow used for operating activities Net income Net loss Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. 1 Cash flows from operating activities: Demers Inc. Statement of Cash Flows (partial) 2 3 Adjustments to reconcile net income to net cash flow from operating activities: 4 5 6 Changes in current operating assets and liabilities: 7 8 9