Selected balance sheet information and the income statement for Pioneer Industries for the current year are presented below. m. Selected Balance Sheet Accounts Prior Year Accounts Receivable $15,700 Inventories 21,000 Prepaid Rent 1,100 Accounts Payable 11,600 Salaries and Wages Payable 2,200 Current Year $10,500 23, 100 0 14,800 3,300 $315,000 Income Statement Sales Revenue Expenses: Cost of Goods Sold Depreciation Expense Salaries Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income 188,000 21,000 31,500 12,600 12,600 11,550 10,500 $ 27,250 Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Enter any deductions and cash outflows as negative value.) Pioneer Industries Cash Flows from Operating Activities Adjustments to reconcile net income to net cash provided by operating activities: Changes in current assets and current liabilities