Question 41 (3 points) The net income reported on an income statement for the current year was $63,000. Depreciation recorded on fixed assets for the year was $24,000. Balances of the current asset and current liability accounts at the end and beginning of the year are listed below. Prepare the Cash Flows from Operating Activities section of the statement of cash flow using the indirect method. End Beginning Cash $65,000 $70,000 70,000 57,000 Accounts receivable (net) 86,000 102,000 Inventories 4,000 4,500 Prepaid expenses 51,000 58,000 Accounts payable (merchandise creditors) 6,500 4,500 Cash dividends payable 6,000 7.500 Salaries payable