Statement of Cash Flows-indirect Method Tha mamnarathus halance cheet of TechSource at December 31,20Y7 and 20Y6, is as follows: Store equipment Accumulated depreciation-store equipment Office equipment Liabilities Current liabilities: Accounts payable Customer refunds payable Estimated coupons payable Notes payable (current portion) Salaries payable Unearned rent Total current liabilities Notes payable Total liabilities \begin{tabular}{rrr} $12,466 & $5,216 & $7,250 \\ 7,954 & 7,454 & 500 \\ $2,000 & 1,600 & 400 \\ 5,000 & 5,000 & 0 \\ 1,140 & 1,500 & (360) \\ 1,800 & 2,400 & (600) \\ \hline$30,360 & $23,170 & $7,190 \\ 20,000 & 25,000 & (5,000) \\ \hline$50,360 & $48,170 & $2,190 \\ \hline \end{tabular} Additional data obtained from an examination of the accounts in the ledger for 20Y7 are as follows: a. Store equipment was acquired for $7,100 cash. b. Office equipment was acquired for $5,570 cash. c. Principal relating to the notes payable of $5,000 was paid. d. There was a $80,400 increase in Retained Earnings for net income. e. There was a $18,000 decrease in Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. payments, decreases in cash, or any negative adjustments. TechSource Statement of Cash Flows For the Year Ended December 31, 20Y7 Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: X Change in current operating assets and liabilities: Increase in accounts receivable Increase in inventory v Increase in estimated returns inventory v Decrease in office supplies v Decrease in prepaid insurance increase in accounts payable Increase in customer refunds payable Increase in estimated coupons payable Decrease in salaries pavable Decrease in unearned rent Net cash flows from operating activities Cash flows from (used for) investing activities: Cash paid for store equipment Cash paid for office equipment Net cash flows used for investing activities Cash flows from (used for) financing activities: Cash paid on note payable Cash paid for dividends Net cash flows used for financing activities v Cash flows from (used for) financing activities: Cash paid on note payable v Cash paid for dividends Net cash flows used for financing activities Net increase in cash Cash as of January 1, 20Y7 Cash as of December 31,20y7