Instructions The net income r current asset and current liability accounts at the beginning and end of the year are as follows: reported on the income statement for the current year was $361,300. Depreciation recorded on store equipment for the year amounted to $15,520. Balances of the End of Year Beginning of Year Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Accounts payable (merchandise creditors) Wages payable $40,180 30,070 40,390 4,960 38,610 $40,070 28,060 45,420 3,750 37,710 20,330 24,800 Required A. Prepare the Cash Flows from Operating Activities section of the statement of cash lows using the indirect method. Refer to the Amount Statement of Cash Flows (partial) Cash flows from operating activities: $361,300.00 Net income Adjustments to reconcile net income to net cash flow from operating activities: 15,520.00 Depreciation Changes in current operating assets and liabilities: (2,010.00) (4,850.00) (1,210.00) 900.00 (4,470.00) ncrease in accounts receivable 7 Decrease in merchandise inventory 8 Increase in prepaid expenses 9 Increase in accounts payable 10 Decrease in wages payable 11 Net cash flow from operating activities $371,620.00