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The following information is available for Cornelius Inc Selected Income Statement Information Net income Depreciation expense Amount $40,020 10,700 Selected Balance Sheet Information Beginning Balance

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The following information is available for Cornelius Inc Selected Income Statement Information Net income Depreciation expense Amount $40,020 10,700 Selected Balance Sheet Information Beginning Balance Ending Balance Accounts receivable $21,200 $27,950 Inventory 45,800 40,125 Accounts payable 23,700 32,600 Required: Prepare the net cash flows from operating activities using the Indirect method. Use a minus sign to indicate any decreases in cash or cash flows Cornelius Inc. Net Cash Flows from Operating Activities Using Indirect Method Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: O 01 Net cash provided by operating activities

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