Presented below is the latest income statement of 4XU Corp: Sales Cost of goods sold Gross profit Operating expenses Income before income taxes $ 1,900,000 1,125,000 $775,000 425,000 350,000 Income taxes Net income 140,000 $ 210,000 In addition, the following information related to net changes in working capital is available: Debit Credit Cash $ 60,000 Accounts receivable (net) 40,000 Inventories $ 77,000 Prepaid expenses 20,000 Salaries payable (operating expenses) 30,000 Accounts payable 45,000 Income tax payable 15,000 4XU Corp. also reports that depreciation expense for the year was $68,500 and that the deferred tax liability account increased $ 13,000. Required a. Prepare a schedule calculating the net cash flow from operating activities that would be shown on a statement of cash flows using the indirect method