Reporting Net Cash Flow from Operating Activities The following information is available for Cornelius Inc.: Amount Selected Income Statement Information Net income $37,590 Depreciation expense 8,900 Selected Balance Sheet Information Beginning Balance Ending Balance Accounts receivable $21,200 $27,950 Inventory 45,800 40,125 Accounts payable 23,700 32,600 uido Prepare the net cash flows from operating activities using the indirect method. Cornelius Inc. Net Cash Flows from Operating Activities Using Indirect Method Cash flows from operating activities: Net income 37590 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation expense 8900 Increase in accounts receivable Decrease in inventory 6750 5675 8900 5675 Increase in accounts payable - C 30225 Net cash provided by operating activities