dio City, Inc., is developing its annual financial statements at December 31 The atements are complete except for the statement of cash flows. Balance sheet data and ampleted income statement are summarized below: Income Statement Sales Revenue $80,000 Expenses: Cost of Goods Sold 37,000 Depreciation Expense 16,200 Salaries and Wages 10,200 Expense Rent Expense 2,700 Insurance Expense 1,400 Interest Expense 1300 Utilities Expense 1.100 Net Income $ 10,100 Selected Balance Sheet Accounts Ending Beginning Balances Balances Inventory $ 440 $ 510 Accounts Receivable 1,580 1.900 Accounts Payable 1,220 1,340 Salaries and Wages 260 Payable Utilities Payable Prepaid Rent Prepaid Insurance 470 110 Required: Prepare the cash flows from operating activities section of the statement of cash flows using the Indirect method. (Amounts to be deducted should be indicated by a minus sign.) AUDIO CITY, INC Statement of Cash Flows (Partia) For the Year Deb 31 Cash Flows from Operating Activities: het Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Acties Depreciation Expense $16.200 Decrease in Account Rev increase in inventory increase in ves and Wages Payable 210