Statement of Cash Flows The following items involve the cash flow activities of Rocky Horror Picture Co.: a. Net income, $55,900 b. Payment of dividends, $15,800 c. Ten-year, $28,100 bonds payable were issued at face value d. Depreciation expense, $18,700 e. Building acquired at a cost of $38,300 f. Accounts receivable decreased by $2,100 g. Accounts payable decreased by $4,100 h. Equipment acquired at a cost of $8,400 i. Inventories increased by $5,700 j. Beginning cash balance, $27,400 Required: Prepare Rocky Horror Picture's statement of cash flows using the indirect method. ROCKY HORROR PICTURE CO. Statement of Cash Flows For Year Ended December 31, Current Year Q 100 Operating Activities: Adjustments for differences between net income and cash flows from operating activities: