Reconciling Net Income and Cash Flow from Operations Using FSET Required column. Note: Use negative signs with answers, when appropriate. b. What was the company's net income for the year? What was the cash flow from operating activities? (Use the direct method.) c. Indicate the direction and amounts by which each of the following accounts changed during the year. If the account decreased, enter as a negative number. d. Using your results above, prepare the operating activities section of the statement of cash flows using the indirect format. Note: Use negative signs with answers, when appropriate