The net income reported on the income statement for the current year was $128,500. Depreciation recorded on store equipment for the year amounted to $21,200. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows End of Year $52,040 37,310 50,950 5,720 Beginning of Year Cash Accounts receivable (net) Inventories Prepaid expenses Accounts payable (merchandise creditors)48,760 Wages payable $47,360 35,000 53,280 4,500 44,800 29,270 26,640 a. 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 Statement of Cash Flows Cash flows from operating activities: Adjustments to recondle net income to net cash flow from operating activities: Changes in aurrent operating assets and liabilities: Net cash flow from operating activities b. Cash flows from operating activities differs from net income because it does not use the of accounting. For example revenues are recorded on the income statement when