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Marin Company reported net income of $320,000 for the current year. Depreciation recorded on buildings and equipment amounted to $70,000 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 Inventory Accounts payable End of Year $27,000 20,500 53,000 12.000 Beginning of Year $19,300 30,500 62,000 19,200 Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis eg. (15,000).) MARIN COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to $ Increase in Inventory Net Cash Used by Operating Activities Depreciation Expense Increase in Accounts Payable Decrease in Inventory Decrease in Accounts Receivable Decrease in Accounts Payable Net Cash Provided by Operating Activities Net Income / (Loss) Increase in Accounts Receivable