The net income reported on the income statement for the current year is $210,000. Depreciation recorded on equipment and a building amount to $62,500 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 $56,000 $59,500 Accounts Receivable (net) 71,000 73,400 Inventories 140,000 126,500 Prepaid Expenses 7,800 8,400 Accounts Payable (merchandise creditors) Salaries Payable 62,600 9,000 66,400 8,250 a. Prepare the 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. Operating Activities Section Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: ] 0000000 b. If the direct method had been used, would the net cash flows from operating activities have been the same?