Book Show Me How Calculator cash flows from operating activities-indirect method Instructions Amount Descriptions Statement of Cash Flows-Operating Activities Instructions The net income reported on the income statement for the current year was $334,100. Depreciation recorded on equipment and a building amour to $101,710 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Cash Accounts receivable (net) Inventories End of Year $90,280 111,780 223,470 12,870 96,330 15,720 Beginning of Year $96,010 118,690 206,830 14,850 103,900 13,840 Prepaid expenses Accounts payable (merchandise creditors) Salaries payable 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. If the direct method had been used, would the net cash flow from operating activities have been the same