Cash Flows from Operating Activities Indirect Method The net income reported on the income statement for the current year was $133,600. Depreciation recorded on store equipment for the year amounted to $22,000. 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 $51,700 $47,050 37,070 34,770 50,610 52,930 5,690 4,470 48,440 44,510 26,470 29,080 Cash Accounts receivable (net) Inventories Prepaid expenses Accounts payable (merchandise creditors) Wages payable a. Prepare the "Cash flows from 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 operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities

Chis hows from Qperating Activiter-Indirect Method The net income reperted on the income statement for the current year was $133,600. Depreciation recsedes on store equipment for the vaur amounted to t72, 000. Balances of the current asset and current labilty acteounts at the beginning and end of the year are as follows: 2. Prepare the "Cash flows from operating activitis" section of the statement of cash flom, using the indirect method. Use the minus sign to indicate cash outfoms, cash parments, decreases in cash, or any oegative adjustments