Cash flows from (used for) operating activities-indirect method The income statement disclosed the following items for the year: Depreciation expense Gain on disposal of equipment Net income $37,900 22,110 323,900 The changes in the current asset and liability accounts for the year are as follows: Accounts receivable Inventory Prepaid insurance Accounts payable Increase (Decrease) $5,900 (3,360) (1,260) (4,000) 1,260 880 Income taxes payable Dividends payable 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 out flows, cash payments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) Line Item Description Amount Amount Cash flows from (used for) operatingactivities: Adjustments to reconcile net incometo net cash flows from (used for) operating activities: