The net income reported on an income statement for the current year was $63,000. Depredation recorded on fixed assets for the year was $24,000. Balances of the current asset and current liability accounts at the end and beginning of the year are listed below. Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments End Beginning Cash $65,000 $70,000 Accounts receivable (net) 70,000 57,000 Inventories 86,000 102,000 Prepaid expenses 4,000 4,500 Accounts payable (merchandise creditors) 51,000 58,000 Cash dividends payabler 4,500 6,500 Salaries payable 6,000 7,500 Cash Flews from Operating Activites Section Canh flews from operating activities Adjustments to reconcile net income to net cash fiow from operatng activites: Changes curret operating assets and labibes 0000 TUBUNE ccounts receivable (not) 57,000 70,000 102.000 wentories n6.000 epaid expenses 4,000 4,500 ccounts payable (merchandise areditors) Cash dividends payable 51,000 58,000 4,500- 6,500 salaries payable 6,000 7,500 Cash Flows from Operating Activities Section Cash fows from operatng activbes dutments to reconcle net income to net cash flow from operating activibe Changes in cument operaing assets and abdi atv Net cash fiow from operatng 1ype here to seanch