Selected balance sheet information and the income statement for Pioneer Industries for the current year are presented below. Selected Balance Sheet Accounts Accounts Receivable Prior Year $25,500 Current Year Inventories 35,000 $17,500 38,500 Prepaid Rent 2,500 0 Accounts Payable 20,000 Salaries and Wages Payable 5,000 26,000 7,500 Income Statement Sales Revenue $525,000 Expenses: Cost of Goods Sold 300,000 Depreciation Expense 35,000 Salaries Expense 52,500 Rent Expense 21,000 Insurance Expense Interest Expense Utilities Expense Net Income 21,000 19,250 17,500 $ 58,750 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.) 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: