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Instruction Amount Descriptions Instructions The net income reported on the income statement for the curent year was $410,400 Depreciation recorded on store equipment for the year amounted to $17,470 Balances of the current asset and current liability accounts at the beginning and end of the year are as follows End of Year Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Accounts payable (merchandise creditors) 39,770 Wages payable $39800 31,820 39,230 4.830 Beginning of Year $37,960 27,630 43.060 3.430 35,040 24 950 20,280 Required: A. Prepare the Cash Flows from Operating Activities section of the staterment of cash flows using the indirect method Refer to the Amount Desciptions list provided for the exact wording of the answer choices for text entries Use the minus sign to ndicate cash outflows cash payments, decreases in cash and for any adjustments, if required B. Bnefly explain why net cash flow from operating activities is different than net income