The net income reported on the income statement for the current year was $1,048,500. Depreciation recorded on equipment and a building amount to $14,730 for the year. In addition, the income statement showed a loss of $2.000 from the sale of investments Balances of the current asset and current liabilities accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash 357.850 312.900 Accounts receivable (net) 45,000 32.500 Inventories 420.000 430.000 Prepaid expenses 14,000 18.000 Accounts payable (merchandise creditors) 85.450 89,000 Salaries payable 51,440 41,200 (a) Prepare the cash flows from operating activities section of the statement of cash flows, using the indirect method