End of Year Beginning of Year \begin{tabular}{lrc} \hline Cash & $51,630 & $47,500 \\ Accounts receivable (net) & 37,020 & 35,100 \\ Inventories & 50,550 & 53,440 \\ Prepaid expenses & 5,680 & 4,510 \\ Accounts payable (merchandise creditors) & 48,380 & 44,940 \\ Wages payable & 26,430 & 29,360 \end{tabular} Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities b. Cash flows from operating activities differs from net income because it does not use the of accounting. For example revenues are recorded on the income statement when