Exercise 17-4 PRINTER VERSION IRAOK NEXT Your answer is partially correct. Try again. Gutierrez Company reported net income of $196,300 for 2017 Gutierrez also reported depreciation expense of $42.000 and a loss of $6,300 on disposal of equipment. The comparative balance sheet shows an decrease in accounts receivable of $13,100 for the year, a $15,100 Increase in accounts payable, and a $4,800 decrease in prepaid expenses Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method. (Show amounts that decrease cash flow with either a sign .. -15,000 or in parenthesis e.g. (15,000).) GUTIERREZ COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income 196,300 Adjustments to reconcile net income to Cash at Beginning of Period Depreciation Expense 42,600 Loss on Disposal of Equipment 6,300 HUDO Increase in Accounts Receivable 13.100 Increase in Accounts Payable 15.100 e come to Cash at Beginning of Period Depreciation Expense 42.600 Loss on Disposal of Equipment 6,300 Increase in Accounts Receivable 13,100 Increase in Accounts Payable 15,100 Decrease in Prepaid Expenses 4,800 72,300 Net Cash Provided by Operating Activities 268,600