The net income reported on the income statement for the current year was $210,000. Depreciation recorded on equipment and a building amount to $62,500 for the year. Balances of the current asset and current liabilities accounts at the beginning and end of the year are as follows: End of Year Cash $56,000 Beginning of Year $59,500 73,400 126,500 71,000 140,000 Accounts receivable (net) Inventories Prepaid expenses Accounts payable (merchandise creditors) Salaries payable 7,800 8.400 66,400 62,600 9,000 Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows, using the Indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Operating Activities Section Cash flows from operating activiti Operating Activities Section Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities 2. If the direct method had been used, would the net cash flow from operating activities have been the same