Exercise 11-39 (Algorithmic) Reporting Net Cash Flow from Operating Activities The following information is available for Cornelius Inc.: Selected Income Statement Information Amount Net income $41,660 Depreciation expense 7,800 Selected Balance Sheet Information Beginning Balance Ending Balance Accounts receivable $21,200 $27,950 Inventory 45,800 40,125 Accounts payable 23,700 32,600 Required: Prepare the net cash flows from operating activities using the indirect method. Use a minus sign to indicate any decreases in cash or cash flows. Cornelius Inc. Net Cash Flows from Operating Activities Using Indirect Method Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: II Net cash provided by operating activities