Determining Net Income from Net Cash Flow from Operating Activities Curwen Inc. reported net cash flows from operating activities of $223,800 on its statement of cash flows for a recent year ended December 31. The following information was reported in the Cash flows from (used for) operating activities section of the statement of cash flows, using the indirect method: Decrease in income taxes payable $5,100 Decrease in inventories 12,700 Depreciation 19,500 Gain on sale of investments 8,800 Increase in accounts payable 3,500 Increase in prepaid expenses 2,100 Increase in accounts receivable 9,600 a. Determine the net income reported by Curwen Inc. for the year ended December 31. $fill in the blank 1 b. Curwens net income differed from cash flows from oper