The net income reported on an income statement for the current year was $58,000. Depreciation recorded on fixed assets for the year was $24,000. Balances of the current assets and current liability accounts at the end and beginning of the year are listed below. Prepare the cash flows from operating activites section of a statement of cash flows using the indirect method. End Beginning Cash $65,000 $70,000 Accounts Receivable (net) 70,000 63,000 Inventories 85,000 102,000 Prepaid Expenses 4,000 4,500 Accounts Payable (merchandise creditors) 50,000 58,000 Cash dividends Payable 4,500 6,500 Salaries Payable 6,000 7,500