Homework 2 - Chapter 7, 9, 10, 12, 13 -k 2 - Chapter 7, 9, 10, 12, 13 & 14 6 Help Finch Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year-end balance sheets. Account Title Accounts receivable Accounts payable Year 2 $13,700 $ 8,500 Year 1 $18, 100 $ 9,350 The Year 2 income statement showed net income of $28,900. Required a. Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with minus sign.) ences Cash flows from operating activities Net income Plus: Decrease in accounts receivable Less: Decrease in accounts payable Plus: Increase in accounts receivable Net cash flow from operating activities 5 0