ning net income from net cash flow from operating activities stai Ex 16.15 Determin operating activities of on its Inc. rep ed net cash flow 2016. following cash flows for the year ended December Activities section of the statement repormed in the Cash Flows from OI tions, using the indirect method: 7,700 Decrease in income taxes payable 19,140 Decrease in inventories 29,480 Depreciation 13,200 Gain on sale of investments 5,280 increase in accounts payable 2,970 increase in prepaid expenses 14,300 increase in accounts receivable a. Determine the net income reported by Curwen Inc. for the year ended December 3 2016 2 Briefly explain why Curwen's net income is different than net cash flow fro operating activities