Instructions The net income reported on the income statement for the current year was $349,200. Depreciation recorded on equipment and a building amounted to $91,000 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 $89,080 $96,500 Accounts receivable (net) 112,710 118,230 Inventories 219,990 201,090 Prepaid expenses 13,050 15,180 Accounts payable (merchandise creditors) 96,790 103,700 Salaries payable 15,270 14,200 Required: A. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. B. If the direct method had been used, would the net cash flow from operating activities have been the same? eck My Work 2 more Check My Work uses remaining