Cash Flows from Operating Activities$$Indirect MethodThe net income reported on the income statement for the current

year was $$132,000.$ Depreciation recorded on store equipment for the

year amounted to $$21,800.$ Balances of the current asset and current

liability accounts at the beginning and end of the year are as

follows: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 out flows,

cash payments, decreases in cash, or any negative adjustments.b$.$Cash flows from operating activities

differs from net income because it does not use

the$$of accounting. For example revenues are

recorded on the income statement when$.$