ITLE TE TITLE Title Title TITLE Paregaph Spacing A Cffects Celos Foeds Watemark Page O Set as Defaut Lolar Document Formating Page Bakga UGBA W102A Financial Accounting PROBLEM 3 Plough Company reported net income of $180,000 for the current year. Depreciation recorded on buildings and equipment amounted to $80,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Cash Accounts receivable Inventories Prepaid expenses Accounts payable Income taxes payable End of Year $20,000 24,000 50,000 9,500 12,000 1,600 Beginning of Year $15,000 32,000 65,000 5,000 18,000 1,200 Instructions Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method