The net income reported on the income statement for the current year was $223,100. Depreciation recorded on equipment and a building amounted to $66,700 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Cash Accounts receivable (net) Inventories Prepaid expenses Accounts payable (merchandise creditors) Salaries payable End of Year Beginning of Year $56,000 $58,800 71,010 72,560 140,000 125,010 7,780 8,290 62,550 65,620 9,020 8,170

The net income reported on the income statement for the current year was 5223,100 . Depreciation recorded on equiment and a bullding acncunted to s65, 7oo for the year. Batances of the current asset and current ilability accounts at the beginning and end of the year are as follows: A. Prepare the "Cosh. Flows from Operating Actwities" section of the stateinght of cast hawec lung the indirect method. Use the minis aiga to indicate cash outhowe, cath parrients, decreases in cashy, or any negetwe adjuctatenth. Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to recontile net income to net cash flow from operating activities: Net cash fow trom operating activits b. If the direct method had been used, would the net cash flow from operating activities have been the same