The following information is reported on the financial statements of Laker Company: Net income Depreciation expense $85,000 110,000 December 31 Prior Year Inventory Accounts receivable Prepaid rent Accounts payable Salaries payable Required: $94,000 December 31 Current Year $113,000 19,000 41,800 25,100 22,590 24,700 33,400 27,600 27,100 Prepare the cash flows from operating activities section of Laker's statement of cash flows using the indirect method. Note: Formulas for amounts to be deducted must return negative values. Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect