Cash Flows from $($Used for$)$ Operating Activities

The income statement disclosed the following items for the year:

Depreciation expense $$34,800$

Gain on disposal of equipment $20,330$

Net income $222,400$

The changes in the current asset and liability accounts for the year are as follows:

Increase

$($Decrease$)$

Accounts receivable $$5,430$

Inventory $(3,090)$

Prepaid insurance $(1,160)$

Accounts payable $(3,680)$

Income taxes payable $1,160$

Dividends payable $810$

Question Content Area

a$.$ Prepare the Cash Flows from $($used for$)$ 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.