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The net income reported on the income statement for the current year was $349,200. Depreciation recorded on equipment and a building amounted to $91,000 for

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The net income reported on the income statement for the current year was $349,200. Depreciation recorded on equipment and a building amounted to $91,000 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 $89,080 596,500 Cash Accounts receivable (net) 112,710 118,230 Inventories 219.990 201,090 13,050 15,180 Prepaid expenses Accounts payablo (marchandise creditors) Salaries payable 96,790 103,700 15,270 14,200 Required: A. Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the Indirect method. Refer to the Amount Descriptions is provided for the exact wording of the answer choices for text entries. Use the munus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, required Bir the direct method had been used, would the net cash flow from operating activnes haya been the same

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