The accounting records of the Cuddly Trading Post Company include these accounts: Click the icon to view the accounts.) Requirement 1. Prepare the company's net cash provided by (used for) operating activities section of the statement of cash flows for the month of January. Use the indirect method. Do you see any potential problems in the company's cash flows from operations? How can you tell? Begin by completing the cash flows from operating activities section for the month of January using the indirect method. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Cash flows from operating activities: Adjustment to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Do you see any potential problems in the company's cash flows from operations? How can you tell? Cuddly shows collecting receivables and selling inventory. There is The in Accounts Payable indicates that the company Overall, operations generated a net cash flow, which is sign. Data Table Cash Accounts Receivable Dec 1 70,000 Dec 1 1,000 Receipts 460,000 Payments 445,000 Credit sales 540,000 Collections Dec 31 85,000 Dec 31 101,000 Dec 1 440,000 Purchases Dec 31 Equipment Dec 1 184,000 Acquisition Dec 31 6,000 190,000 Chose Accumulated Deprec-Equipment Inventory 3,000 438,000 Cost of Sales 336,000 105,000 Accounts Payable Dec 1 Depreciation Dec 31 52,000 Dec 1 1,000 Payments 53,000 330,000 Purchases Dec 31 18,000 438,000 126,000 Accrued Liabilities Retained Earnings Payments Dec 1 31,000 Accruals Dec 31 15,000 Quarterly Dec 1 67,000 27,000 Dividend 11,000 16,000 Net Income 35,000 Dec 31 86,000 Print Done