Exercise 4-18 (Algo) Statement of cash flows; indirect method [LO4-8] Chew Corporation prepares its statement of cash flows using the indirect method of reporting operating activities. Net income for the 2021 fiscal year was $1.255.000. Depreciation expense of $145,000 was included with operating expenses in the income statement The following information describes the changes in current assets and liabilities other than cash: Increase in account Eeceivable Decrease in inventory Decrease in Prepaid expenses Decrease in salaries payabl. Increase in income tax payable 157.000 119.000 87.000 35.000 49.000 Required: Prepare the cash flows from operating activities for 2021. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Adjustments for noncash effects Changes in operating assets and liabilities: Net cash flows from operating activities