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Selected balance sheet information and the income statement for Pioneer Industries for the current year are presented below Selected Balance Sheet Accounts Prior Year Current

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Selected balance sheet information and the income statement for Pioneer Industries for the current year are presented below Selected Balance Sheet Accounts Prior Year Current Year $24,800 34,000 2,400 19,400 4,800 17,000 37,400 Accounts Receivable Inventories Prepaid Rent Accounts Payable Salaries and Wages Payable 25,200 7,200 Income Statement Sales Revenue Expenses: $510,000 292,000 34,000 51,000 20,400 20,400 18,700 17,000 56,500 Cost ofGoods Sold Depreciation Expense Salaries Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income 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 a 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

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