Ex 16-6 need question A answered

a. Prepare the Cash Flows from (used for) Operating Activities section of the statethe of cash flows, using the indirect method b. Dementicfly explain why net cash flowa from operating activities is differem for net incoms. EX 16-6 Cash flows from (used for) operating activitios Va. Net cash flows The net income reported on the income starement for the current year was 5290 .oe from operating Depreciation recorded on equipment and a building aunounted to $150,500 for the yoe activities, 5409,000 Balances of the current asset and current liability accounts at the beginning and end dise year are as follows: from operating sctivities, 5150,29 SHOW ME How a. Prepare the Cash Flows from (used for) Operiting Activities section of the sutenst of cash flows, uning the indirect method. b. If the direct method had been used, would the net cash flows from opedul activities have been the same? Ixplain. EX 16-7 Cash flows from (used for) operating activities