TAGUVILU Instructions The net income reported on the income statement for the current year was $437.000. Depreciation recorded on store equipment for the your moured to $17.00 of the current asset and current ability accounts at the beginning and end of the year we as follows: Cash End of Year $40.680 31,350 40.160 Accounts receivable (net) Merchandise inventory Prepaid expenses Accounts payable merchandise creditors) Wages payable Beginning of Year 537,320 27460 43.640 4.730 37.480 24,530 3.590 40.780 20,890 Required: A. Prepare the Cash Flows from Operating Activities section of the statement to show using the indirect method for to the amount Descriptions for provided for the exact wording of the answer choices for text entries. Use the munus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments required B. Briefly explain why net cash flow from operating activities is diferent from net income Amount Descriptions Previous Next > Check My Work 3 more Check My Work uses remaining El instructor Amount Descriptions Amount Descriptions Amortization of Intangible assets Decrease in accounts payable Decrease in accounts receivable Decrease in merchandise inventory Decrease in prepaid expenses Decrease in wages payable Depreciation Increase in accounts payable Increase in accounts receivable Increase in merchandise inventory Increase in prepaid expenses Increase in wages payable Net cash flow from operating activities Net cash flow used for operating activities Net income Net loss Check My Work 3 more Check My Work uses remaining All Statement of Cash Flows Operating Activities A Prepare the Cash Flows from Orang Aces section of the statement les fons, using the direct menad Ratu Ancut corporate por exact wording of the answer choices for text entries Use the mission to indicate can cotlows, cash payments decreases in Santry Statement of Cash Flows (part Cash Bons from operated Adjustments to reconciliane income tax fow from peringat Changes in continguts Check My Work more Check My Woman AL ANKSHEETAL.. Change in competing and ANKSHEETAL.. 30 = 0 UKSHEETAL.. Final Question 8. Brety explain why not cash flow from contingactwie is different from net income of courg Forever Cash flows from operating activities differs from recome because it does not use the income statement when KSHEETA.. "SHEET.A