E12-6 Preparing and Evaluating a Simple Statement of Cash Flows (Indirect Method) [LO 12-2, LO 12-5] Suppose your company reports $245 of net income and $57 of cash dividends paid, and its comparative balance sheet indicates the following Beginning Ending S 52 Cash Accounts Receivable Inventory $292 262 160 330 Total $542 $776 Salaries and Wages Payable Common Stock Retained Earnings $ 27 185 330 $135 123 518 Total $542 $776 Required 1. Prepare the operating activities section of the statement of cash flows, using the indirect method (Amounts to be deducted should be indicated with a minus sign.) Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities