The net income reported on the income statement for the current year was $230,400. Depreciation recorded on equipment and a building amounted to $68,900 for the year. Balances of the current asset and current ability accounts at the beginning and end of the year are as follows: End Beginning of Year of Year Cash $62,670 $66.430 Accounts receivable (net 79,470 11,970 Inventories 156,690 141,230 Prepaid expenses 8,710 Accounts payable merchandise creditors) 70,000 74,140 Salones payable 10,090 9,230 9.370 Pregate the Chien Pows from used tor) Operating Activities section of the statement of cash nows, Latina the Indirect method. Use the minia sento indicate cash outlow, cand paymenta, decreases inch, or any negative adjustments Statement of Cashow (pari) Chows from (uned forcating Netice Adjustments to reconcile net income to net cash flows from used for operating activities Depreciation Change in current operating and tables Il bli 0 Net Cashows from operating site Check My Work Previous Next > The net income reported on the income statement for the current year was $230,400. Depreciation recorded on equipment and current asset and current liability accounts at the beginning and end of the year are as follows: End Beginning of Year of Year Cash $62,670 79,470 $66,430 81,970 141,230 156,680 Accounts receivable (net) Inventories Prepaid expenses Accounts payable (merchandise creditors) Salaries payable 9,370 8,710 70,000 74,140 10,090 9,230 a. Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) Cash flows from (used for) operating activities: Net income Adjustments to reconcile net income to net cash flows from (used for) operating activities: Depreciation Changes in current operating assets and liabilities: Net cash flows from operating activities