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Gameloft Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for the 2013 fiscal year was $57,000.

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Gameloft Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for the 2013 fiscal year was $57,000. Depreciation and amortization expense of $18,320 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 A/R Increase in inventories $20,000 19,000 Increase in salaries payable 5,000 Decrease in taxes payable 1,000 Cash flows from operating activities: Net income 1). Adjustments for noncash effects: 2) 3) Change in operating assets and liabilities: 4) 5) Decrease in A/R $20,000 Increase in inventories 19,000 Increase in salaries payable 5,000 Decrease in taxes payable 1,000 Cash flows from operating activities: Net income 1) Adjustments for noncash effects: 2). 3). Change in operating assets and liabilities: 4). 5) 6) 7) 8). 9). 10) 11) Net cash flows from operating activities 12)

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