he net income reported on the income statement for the current year was $$222,000.$ Depreciation recorded on equipment and a building amounted to $$98,400$ for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

End of Year Beginning of Year

Cash $$75,900$ $$84,610$

Accounts receivable $($net$)82,15089,120$

Inventories $181,600175,900$

Prepaid expenses $4,4505,100$

Accounts payable $($merchandise creditors$)98,370115,000$

Salaries payable $6,5004,550$

Question Content Area

a$.$ Prepare the $$Cash flows from $($used for$)$ operating activities$$ section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

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Statement of Cash Flows $($partial$)$

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Cash flows from $($used for$)$ operating activities:

Adjustments to reconcile net income to net cash flows from $($used for$)$ operating activities:

Adjustments to reconcile net income to net cash flows from $($used for$)$ operating activities:

b$.$ If the direct method had been used, would the net cash flows from operating activities have been the same?