Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the cuerent year was $303,100, Depreclation recorded on equipenent and a building amounted to $90,600 for the year. Balances of the current asset and current Bability accounts at the beginning and end of the year are as follows outflowe, cash paymuntf, decreases in cash, of ary negative adjustments. a. Prepare the "Cash Fiows from Operating Activitles" section of the statement of cash flows, using the indrect meehod. Use the minus sign to indicate cash outhows, cash payments, decreases in cash, or any negotive adjustments. b. If the direct method had been used, would thet net cash flow from operating activisies have beon the saene