The net income reported on the income statement for the current year was $152,400. Depreciation recorded on store equipment for the year amounted to $25,100. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Beginning End of Year of Year Cash $58,980 $54,260 Accounts receivable (net) 42,290 40,100 Merchandise inventory 57,740 61,040 Prepaid expenses 6,490 5,150 Accounts payable (merchandise creditors) Wages payable 55,260 30,200 51,330 33,530 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) Cash flows from operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities b. Cash flows from operating activities differ from net income because it does not use the of accounting. For example revenues are recorded on the income statement when