The net income reported on the income statement for the current year was $295,500. Depreciation recorded on equipment and a building amounted to $88,400 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $79,790 $83,780 Accounts receivable (net) Inventories 101,170 103,380 199,480 178,120 Prepaid expenses 11,090 11,810 Accounts payable (merchandise creditors) Salaries payable 89,130 12,850 93,500 11,650 a. Prepare the "Cash flows from (used for) operating activities" section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) Line Item Description Amount Amount 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: Decrease in accounts receivable Increase in inventories Decrease in prepaid expenses Decrease in accounts payable Increase in salaries payable Net cash flows from operating activities