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 Accounts Receivable $ 24,000 $ 16,000 Inventory 32,000 35,200 Prepaid Rent 1,600 Accounts Payable 17,600 22,400 Salaries and Wages 3,200 4,800 Payable $ 480,000 Income Statement Sales Revenue Expenses : Cost of Goods Sold Depreciation Expense Salaries Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income 288,000 32,000 48,000 19,200 19,200 17,600 16,000 $ 40,000 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 Net Income Adjustments to reconcile net income to net cash provided by operating activities: Changes in current assets and current liabilities: 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 Net Income Adjustments to reconcile net income to net cash provided by operating activities: Changes in current assets and current liabilities: $ 0