The net income reported on the income statement for the current year was $127,000. Depreciation recorded on sto equipment for the year amounted to $31.000, dance at the current asset and current accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Caus $50,670 546,620 Accounts receivablet) 36,330 34450 Inventor 49.610 52,450 Prepedepses 5.570 4.430 Accounts payable merchant creion) 4740 44,100 Wages payable 20.810 hiperte Castows from contacte contre chose the site de cash thos, payments in cath, or any Statement of Cashow (anti) Cashflows from operating Ale to recorden met oog Changes incurrenting ccounts receivable (net) 36,330 34450 nventores 49,610 52.450 repaid expenses 5,570 4,430 ccounts payable (merchandise creditors) 47,480 44,100 Vages payable 25,940 28,810 Prepare the "Cash flows from operating activities section or the statement of cash flows, using the Indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases negative adjustments Statement of Cash Flows (partia!) Cash flows from operating activities Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and abilities: On 11 Natch flow from operating activities D. Cathews from operating activities differs from income because it does not the of accounting For example revenues are recorded on the income statement when