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. i Data Table Cash Accounts Receivable Inventory 1,000 402,000 Cost of Sales 312,000 Jan 1 Receipts Jan 31 90,000 Jan 1 4,000 Jan 1 491,000 Payments 436,000 Credit sales 531,000 Collections 401,000 Purchases 145,000 Jan 31 134,000 Jan 31 91,000 Equipment Jan 1 185,000 Acquisition 7,000 Jan 31 192,000 Accumulated Deprec.-Equipment Accounts Payable Jan 1 54,000 Jan 1 18,000 Depreciation Jan 31 9,000 63,000 Payments 329,000 Purchases 402,000 Jan 31 91,000 Accrued Liabilities Retained Earnings Payments Jan 1 36,000 Accruals Jan 31 30,000 6,000 12,000 Quarterly Dividend Jan 1 66,000 13,000 Net Income 25,000 Jan 31 78,000