Question 4. Net income for the current year was $92,150. Depreciation expense was $26,500. The balances of the current asset and current liability accounts at the beginning and end of the year are listed below

Particulars	End of Year	Beginning of Year	Increase (Decrease)	Add or Deduct
a) Cash	61,500	56,250
b) Accounts receivable	81,250	74,100
c) Inventories	103,000	81,000
d) Prepaid expenses	6,100	7,600
e) Accounts payable	49,400	51,200
f) Salaries payable	6,500	5,200

Required: Prepare the cash flows from operating activities section of the statement of cash Net income for the current year was $92,150. Depreciation expense was

$26,500. The balances of the current asset and current liability accounts at the beginning and end of the year are listed below flows using the indirect method.