The net income reported on the income statement for the current year was $$130,600.$ Depreciation recorded on store equipment for the year amounted to $$21,500.$ Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

Line Item Description End of Year Beginning of Year

Cash $$50,020$ $$46,020$

Accounts receivable $($net$)35,86034,010$

Inventories $48,97051,770$

Prepaid expenses $5,5004,370$

Accounts payable $($merchandise creditors$)46,87043,530$

Wages payable $25,61028,440$

Question Content Area

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.