The most recent comparative balance sheet of Giacomelli Corporation appears below: Comparative Balance Sheet Beginning Balance Ending Balance Assets: Current assets: Cash and cash equivalents Accounts receivable $37,000$ 29,000 24,000 61,000 7,000 121,000 399,000 200,000 199,000 $320,000 20,000 65,000 5,000 127,000 424,000 231,000 193,000 $320,000 Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: 19,000 58,000 47,000 124,000 77,000 201,000 17,000 51,000 42,000 110,000 80,000 190,000 Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: 30,000 100,000 130,000 $320,000 31,000 88,000 119,000 $320,000 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity The company uses the indirect method to construct the operating activities section of its statement of cash flows Which of the following is correct regarding the operating activities section of the statement of cash flows? Multiple Choice The change in Accounts Payable will be subtracted from net income; The change in Accrued Liabilities will be added to net income The change in Accounts Payable will be added to net income: The change in Accrued Liabilities will be subtracted from net income The change in Accounts Payable will be added to net income; The change in Accrued Liabities will be added to net income The change in Accounts Payable ill be subracted from net income The change in Accrued Liabilities wil be subtracted from net Inconme The change in Accounts