Exercise 4-17 (Algo) Statement of cash flows; Indirect method (L04-8] Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for the 2021 fiscal year was $674,000. Depreciation and amortization expense of $97.000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash: Decrease in accounts receivable Increase in inventory Increase in prepaid expenses Increase in salaries payable Decrease in income taxes payable 332.ee 18,20 9, See 11, 12,000 Required: Prepare the operating activities section of the 2021 statement of cash flows. (Amounts to be deducted should be Indicated with a minus sign. Requlred: Prepare the operating activities section of the 2021 statement of cash flows. (Amounts mlnus slgn.) & Answer is not complete. Cash flows from operating activities: Net income Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities $ 0