Operating Activities Section-Indirect Method The following account balances for the noncash current assets and current liabilities of Suffolk Company are available: Accounts receivable Inventory Prepaid rent Totals Accounts payable Income taxes payable Interest payable Totals December 31 2017 2016 $42.770 $34,960 29,930 40,290 16,820 14,580 $89,520 $89,830 $25,840 $19,220 10,310 15,440 11,770 $46,820 $41,300 5,540 Net income for 2017 is $38,070. Depreciation expense is $20,940. Assume that all sales and all purchases are on account. Required: 1. Prepare the Operating Activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash payments, cash outflows, or decreases in cash. Suffolk Company Partial Statement of Cash Flows For the Year Ended December 31, 2017 Cash Provided by Operating Activities Adjustments to reconcile net income to net cash provided by operating activities: 2. Net cash inflow from operating activities is $ and the primary reason why it is higher than net income is Other reasons for the higher amount of net cash inflow from