10m Indicate by an X in the appropriate column whether all operating activities. Exercise 16-3 Calculating cash flows from operating activities (indirect method) LOS CHECK FIGURE: 1. Net cash inflow from operating activities $328,200 The account balances for the non-cash current assets and current liabilities of Kid-game Softw follows: me Software Inc. are as December 31 2020 2019 Accounts receivable. Inventory Prepaid expenses. Totals Accounts payable. Salaries payable Interest payable Totals $127.000 90,300 53,600 $270,900 $ 85,000 25,500 48,200 $158,700 $104,900 119,100 48,200 $272.200 $ 65,200 36,900 39,700 $141.800 000. All purchases and sales are on During 2020, Kid-game Software Inc. reported depreciation expense of $57,000. All purchases and sales account. Profit for 2020 was $253,000. Required 1. Prepare the operating activities section of the statement of cash flows using the indirect method 2. Explain why cash flows from operating activities are different from profit. Exercise 16-4 Calculating cash flows from oneratin na