Suppose your company reports $260 of net income and $60 of cash dividends paid, and its comparative balance sheet indicates the following. Cash Accounts Receivable Beginning $ 55 Ending $ 295 175. 275 Inventory 345 225 Total $ 575 $ 795 Salaries and Wages Payable Common Stock Retained Earnings $ 30 200 345 $ 150 100 545 Total $ 575 $ 795 Required: 1. Prepare the operating activities section of the statement of cash flows, using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign. Net Income: Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Net Cash Flow from Operating Activities $ 0 Suppose your company reports $260 of net income and $60 of cash dividends paid, and its comparative balance sheet indicates the following. Cash Accounts Receivable Beginning $ 55 Ending $ 295 175. 275 Inventory 345 225 Total $ 575 $ 795 Salaries and Wages Payable Common Stock Retained Earnings $ 30 200 345 $ 150 100 545 Total $ 575 $ 795 Required: 1. Prepare the operating activities section of the statement of cash flows, using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign. Net Income: Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Net Cash Flow from Operating Activities $ 0