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Net income of Mansfield Company was $35,000. The accounting records reveal depreciation expense of $70,000 as well as increases in prepaid rent, salaries payable, and

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Net income of Mansfield Company was $35,000. The accounting records reveal depreciation expense of $70,000 as well as increases in prepaid rent, salaries payable, and income taxes payable of $50,000 $13,000, and $10,000, respectively Prepare the cash flows from operating activities section of Mansfield's statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Adjustments for noncash effects: Changes in operating assets and liabilities Net cash inflows from operating activities

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