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Cash flows from (used for) operating activitiesindirect method

The net income reported on the income statement for the current year was $148,500. Depreciation recorded on store equipment for the year amounted to $24,500. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

Line Item Description	End of Year	Beginning of Year
Cash	$59,850	$55,060
Accounts receivable (net)	42,910	40,690
Inventories	58,590	61,940
Prepaid expenses	6,580	5,230
Accounts payable (merchandise creditors)	56,080	52,090
Wages payable	30,640	34,030

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a. Prepare the Cash flows from (used for) 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.

Line Item Description	Amount	Amount
Cash flows from (used for) operating activities:
Decrease in accounts receivable, Depreciation, Increase in inventories, Increase in wages payable, Net income	$
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
Decrease in accounts payable, Decrease in accounts receivable, Depreciation, Increase in wages payable, Net income
Changes in current operating assets and liabilities:
Depreciation, Increase in accounts receivable, Increase in inventories, Increase in wages payable, Net income
Decrease in accounts receivable, Decrease in inventories, Decrease in prepaid expenses, Increase in inventories, Net income
Decrease in accounts receivable, Decrease in prepaid expenses, Increase in prepaid expenses, Increase in wages payable, Net income
Decrease in accounts payable, Depreciation, Increase in accounts payable, Increase in wages payable, Net income
Decrease in accounts receivable, Decrease in prepaid expenses, Decrease in wages payable, Increase in wages payable, Net income
Net cash flows from operating activities, Net cash flows used for operating activities		$