eBook Show Me How Calculator Cash Flows from Operating Activities--Indirect Method The net income reported on the income statement for the current year was $118,900, Depreciation recorded on store equipment for the year amounted to $19,600. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $46,130 $42,440 Accounts receivable (net) 33,080 31,360 Merchandise Inventory 45,160 47,750 Prepaid expenses 5,070 4,030 Accounts payable (merchandise creditors) 43,220 40.150 Wages payable 23,620 26,230 a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments Statement of Cash Flows (partial) Cash flows from operating activibes Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash row from operating activities