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 assets and current liabilities accounts at the beginning and end of the year are as follows: a. Prepare the operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: b. If the direct method had been used, would the net cash flows from operating activities have been the same? . The amount of net cash flows from operating activities reported on the statement of cash flows affected by the method of reporting such flows