Cash Flows from Operating Activities --Indirect Method The net income reported on the income statement for the current year was $133,700. Depreciation recorded on store equipment for the year amounted to $22,100. 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 $52,950 $48,180 Accounts receivable (net) 37,970 35,610 Merchandise inventory 51,840 54,200 Prepaid expenses 5,820 4,580 Accounts payable (merchandise creditors) 49,610 45,580 Wages payable 27,110 29,780 a. Prepare the Cash Flows from Operating Activities section of the statement of cash flow 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 operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: