Turn to Exercises on page 759 in the textbook and complete Part A of EX 16-6, Cash flows from operating activities-indirect method, using the following table. If you had used the direct method in the previous exercise (#18), how would the result have been different? It would have been greater. It would have been smaller. It would have been the same. The net income reported on the income statement for the current year was $ 240,000. Depreciation recorded on equipment and a building amounted to $72,000 tor the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: repare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. If the direct method had been used, would the net cash flow from operating activities have been the same? Explain