Cash flows from (used for) operating activities-indirect method The net income reported on the income statement for the current year was $134,400. Depreciation recorded on store equipment for the year amounted to $22,200. 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 $52,150 $47,980 Accounts receivable (net) Inventories 37,390 35,460 51,050 53,980 Prepaid expenses 5,740 4,560 Accounts payable (merchandise creditors) Wages payable 48,860 26,700 45,390 29,650 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 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: Amount Amount 100