pline teachX + t/takeAssignmentMain.do?invokera&takeAssignmentSessionLocator=&inprogress=false 334 Reproduciend. in UPRB | Moodle Funciones del tecl. CengageBrain - Log. Mi unidad - Google... culator Cash flows from operating activities-indirect method Instructions Amount Descriptions Statement of Cash Flows-Operating Activities Instructions The net income reported on the income statement for the current year was 5354,000 Depreciation recorded on store equipment for the year amounted to $14.500. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year 543210 538.400 Accounts receivable ) 31.360 29.020 Merchandise inventory 45.150 39.500 360 Pred 4.730 penses y be merchandise credito c 41 35 590 21.910 22.970 Required: Instructions Accounts receivable (net) 31,360 Merchandise inventory Prepaid expenses Accounts payable (merchandise creditors) Wages payable 39,590 3,620 41,480 21,910 29,020 45,160 4,730 35,590 22,970 Required: A. Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required B. Briefly explain why net cash flow from operating activities is different from net income