The net income reported on the income statement for the current year was $131,300. Depreciation recorded on store equipment for the year amounted to $21,700. 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 Accounts receivable (net) Inventories $53,310 $48,510 38,220 35,850. 52,190 54,570 Prepaid expenses 5,860 4,610 Accounts payable (merchandise creditors) 49,950 Wages payable 45,890 29,980 27,290 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 (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: 00000 0 0 Net cash flow from operating activities b. Cash flows from operating activities differs from net income because it does not use the the income statement when of accounting. For example revenues are recorded on