The net income reported on the income statement for the current year was $423,900. Depreciation recorded on store equipment for the year amounted to $17,560. 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
Cash	$42,670	$40,170
Accounts receivable (net)	30,670	27,430
Inventories	38,830	45,750
Prepaid expenses	3,680	4,890
Accounts payable (merchandise creditors)	39,630	35,780
Wages payable	21,610	23,900

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 list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.
	b. Briefly explain why net cash flow from operating activities is different than net income.