The net income reported on the income statement for the current year was $296,200. Depreciation recorded on equipment and a building amounted to $88,600 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	$74,640		$77,630
Accounts receivable (net)	94,640		95,800
Inventories	186,600		165,040
Prepaid expenses	10,370		10,950
Accounts payable (merchandise creditors)	83,370		86,640
Salaries payable	12,020		10,790

. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. If needed, use the minus sign to indicate cash outflows or negative amounts.

b. If the direct method had been used, would the net cash flow from operating activities have been the same? Yes or no? Correct 1 of Item 2

Explain.