Casti flow from (used foc) operating activities-indivect method The net income reported on the income statement foe the current yoar was $120,000. Depreoation recoeded on store equipment for the year amounted to $19, , H00. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: a. Prepare the "Cash flows from (used for) operating actwities" section of the statoment of casb Fons, using the indirect method. Use the minus sign to indoate cash outllows, Cosh parments, decreases in cash, or any negative adjustments. a. Prepare the "Cash flows from (used for) operating activities" section of the statement of ash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in casty or any negative adjustments. Statement of Cash Flows (partial) b. Cash Bows frocn operating actweves differs from net income bevause it does not use the of accountion. For example invenues are recorded on the income satement when