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

The net income reported on the income statement for the current year was $$118,700.$ Depreciation recorded on store equipment for the year amounted to $$19,600.$ 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 $$45,940$ $$41,810$

Accounts receivable $($net$)32,94030,900$

Merchandise inventory $44,98047,040$

Prepaid expenses $5,0503,970$

Accounts payable $($merchandise creditors$)43,05039,550$

Wages payable $23,52025,840$

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.

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Statement of Cash Flows $($partial$)$

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Cash flows from operating activities:

$$-$ Select $-$

Adjustments to reconcile net income to net cash flows from $($used for$)$ operating activities:

$-$ Select $-$

Changes in current operating assets and liabilities:

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Net cash flow from operating activities $fill in the blank $32$de$3604$ffd$0$fd$2\_15$