Cash flows from (used for) operating activities-indirect method The net income reported on the income statement for the current year was $308,000. Depreciation recorded on equipment and a building amounted to $92,100 for the year. 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 $81,930 $86,850 Accounts receivable (net) Inventories 103,890 107,170 204,830 184,640 Prepaid expenses 11,390 12,250 Accounts payable (merchandise creditors) Salaries payable 91,520 13,190 96,920 12,070 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. Statement of Cash Flows (partial) Line Item Description Amount Amount Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: